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Iberia takeover delayed
01 December 2007
Read more:
Iberia
takeover
consolidation
Caja Madrid
Gala Capital Partners Equity
Air France-KLM
Consolidation among the European airlines has been stalled. The anticipated takeover of Iberia was delayed when a bidding war ensued during November.
Adding to the debate, Caja Madrid, a Spanish savings bank with a 23% shareholding in Iberia, said that the airline should remain in Spanish ownership. The bank has purchased shares...
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