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British Airways owner IAG has returned to profit as the airline industry continues to rebound from Covid-19. The company said it made an operating profit before exceptional items of 1.26 billion ...
An increased offer of €9.25 was accepted by the Vueling board on 9 April 2013, and received majority shareholder approval on 23 April 2013. IAG took control of Vueling on 26 April 2013. [26] [27] In December 2012, IAG completed the merger of the cargo operations of British Airways, BMI and Iberia into a single business unit, IAG Cargo. [28] [29]
Shares in budget airline operator easyJet surged over 6% this Monday on reports that the group could be a takeover target for International Consolidated Airlines Group ().Speculation is mounting ...
On 26 May 2015, after months of negotiations on a possible IAG takeover, the Irish government agreed to sell its 25% stake in the company. Ryanair retained a 30% stake in Aer Lingus which it agreed to sell to IAG on 10 July 2015 for €2.55 per share. [10] [11] In August 2015, Aer Lingus' shareholders officially accepted IAG's takeover offer. [12]
Vueling had urged its shareholders to reject IAG's offer and its shareholders had until the 8th of April 2013 to decide upon the recommendation. [ 54 ] On 27 March 2013, IAG improved its offer for Vueling, raising its offer per share from €7 to €9.25.
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The parent company, iA Financial Corporation Inc., is a portfolio management company which is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares). The preferred shares of its subsidiary, Industrial Alliance Insurance and Financial Services Inc. are listed on the Toronto Stock Exchange under the ticker symbol IAF.
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