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Spain’s Vueling accepts takeover bid from IAG

10 April 2013

The board of Spanish low-cost airline Vueling unanimously recommended shareholders accept an improved takeover offer of 9.25 euros per share from International Airline Group (IAG).

IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after the Barcelona-based carrier rejected a previous offer.

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