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The offer was €7 per ordinary share of Vueling, with the total cost of acquisition anticipated to be €113m. It was funded from internal IAG resources. The reported total assets of Vueling as of 30 September 2012 [update] were €805m and in the nine months to 30 September 2012 it had generated profits before tax of €59m.
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]
On November 4, 2019, International Airlines Group (IAG) announced plans to acquire Air Europa from Globalia for €1 billion ($1.1 billion) with the deal expected to close in the first half of 2020. At the time, Air Europa operated a fleet of 66 aircraft and had generated an operating profit of €100 million in 2018.
This suggests International Consolidated Airlines will face competition from other parties should it decide to make a move on the low-cost airline operator.” Watch: EasyJet launches 28-day all ...
However, market trends (increased profits and improved figures from Vueling resulting in a higher share-price) had made IAG's offer a significant undervaluation of the airline. 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. [55]
Investors can approximate the average market return by buying an index fund. Active investors aim to buy stocks that...
This proposal was rejected by the IAG board the next day. QBE responded by increasing its proposal to 0.142 QBE shares plus 70 cents per IAG share. On 14 April 2008, IAG also rejected this proposal. On 16 May 2008, QBE increased its proposal to 0.145 QBE shares plus 90 cents per IAG share (an effective value of $4.60 per IAG share at the time).
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