Ba Backs Out of Takeover Bid for Spanish Airline ; in Association with Rensburg Sheppards
Daily Post › November 28, 2007
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Summary
BRITISH Airways today confirmed it was no longer involved in plans for a takeover of Spain's Iberia, the fourth-largest airline in Europe.
BA's five-member consortium, which was led by the US buy-out group TPG, withdrew its interest after a hostile reception from Iberia's 10% shareholder Caja Madrid, which is reportedly keen to keep the airline out of foreign hands.See the full content of this document
Extract
Ba Backs Out of Takeover Bid for Spanish Airline ; in Association with Rensburg Sheppards
The consortium said the "...
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