British Airways confirmed yesterday that it approached "a number" of unidentified private equity companies about participating in an offer for Iberia, of which BA holds 10%, saying it has ruled out an independent bid. "As well as a private equity partner, this consortium is likely to include one or more Spanish partners," the airline said in a statement, adding that "any consortium bid would not involve further capital investment by British Airways." BA holds a right of first refusal on an ...

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