The British Airways and TPG-led consortium yesterday confirmed that it formally withdrew its interest in bidding for Iberia because a bid under friendly terms no longer was possible. The decision follows last week's announcement by Caja Madrid, which holds a stake in IB similar in size to BA's, that it wanted to increase its shareholding from just under 10% to 23% and that BBVA and Logista, holding 7.3% and 6.7% respectively, intended to sell their shares to CM (ATWOnline, Nov. 27). "As a ...

Subscribe to Access this Entire Article

"BA/TPG consortium withdraws Iberia bid" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.