IAG considers Vueling takeover bid

International Airlines Group said on Wednesday that it was considering making an offer for 100 percent of the share capital of Spain's Vueling Airlines.

IAG, which owns Spain's Iberia and British Airways, said its board would discuss the potential takeover on Thursday.

"Following media reports, International Consolidated Airlines Group, S.A. (IAG) can confirm that it is considering making an offer for 100 per cent of the share capital of Vueling Airlines," the company said in a statement.

"The IAG board will be considering the matter tomorrow (Thursday) but no decision to make an offer has yet been reached nor, accordingly, on any of its potential terms, including in particular the price."

It added: "Further announcements will be made in due course when a decision is made."

Iberia already has a 45.85 percent shareholding in the Barcelona-based Vueling, Spain's fourth largest airline in terms of passenger numbers.

Vueling announced last month that it was expanding its network in 2013 to a total of 100 airports, with London, Frankfurt and Dusseldorf among the new destinations.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2579+0.0021+0.16%
    USDSGD=X
    1.7391+0.0055+0.32%
    EURSGD=X
    2.1114-0.0015-0.07%
    GBPSGD=X
    81.3849-0.3158-0.39%
    SGDJPY=X
    6.1642-0.0095-0.15%
    SGDHKD=X
    2.5961-0.0054-0.21%
    SGDMYR=X
    9,202.2109+28.8838+0.31%
    SGDIDR=X
    4.9612-0.006-0.12%
    SGDCNY=X
    1.1659-0.0101-0.86%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.70+3.60+0.28%
    GCM14.CMX
    19.45+0.09+0.46%
    SIK14.CMX
    91.05
    ^XAU
    3.04-0.01-0.31%
    HGK14.CMX
    101.61-0.14-0.14%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71
    ^FVX
    2.70
    ^TNX
    3.48
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.002+1.67%
    B22.SI
    0.61+0.005+0.83%
    E5H.SI
    2.22+0.010+0.45%
    JS8.SI
    0.16+0.002+1.27%
    5GB.SI
    0.142-0.003-2.07%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.031+15.58%
    5UZ.SI
    0.22+0.020+10.00%
    D6U.SI
    0.184+0.014+8.24%
    5WD.SI
    0.275+0.020+7.84%
    5TP.SI
    0.161+0.011+7.33%
    A03.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.196-0.024-10.91%
    5WR.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.098-0.010-9.26%
    C11.SI