Buyout group TPG has asked Iberia for access to its books to decide whether to made a takeover bid at an indicative price of €3.60-per-share in cash, the Spanish airline said in a statement on Friday.
Iberia said its board would meet in the next few days to consider the approach. Iberia’s shares, which closed at €4 on Thursday in Madrid, have risen strongly this week on takeover speculation.
On Thursday the Spanish flag carrier said it had retained Goldman Sachs as an adviser for a possible sale.