British Airways parent company International Airlines Group (IAG) is believed to be on the verge of taking over NIKI, after the administrator handling the Austrian carrier’s insolvency process said Thursday that only one of four bidders remained. Administrator Lucas Floether did not mention IAG by name as the sole bidder, but Reuters and Austrian media quoted sources saying IAG became the exclusive bidder Dec. 28 after NIKI founder Niki Lauder, Thomas Cook and SilverArrow Capital all ...

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