RSS feediberia
’TPG moves in on Alitalia
TPG and partners have earmarked €5bn ($6.8bn) to buy Alitalia, according to an Italian newspaper, while Russia has reiterated support for a rival bid, from Aeroflot, reports Reuters. La Stampa reported on Monday that TPG and its consortium partners had earmarked €1.2bn for the bid,
Iberia bid consortia taxi for take-off
Apax and TPG have begun to put together their consortia to make a run for Spanish airline Iberia, reports Expansion newspaper on Thursday.
Apax is talking to Torreal, the vehicle of Spanish businessman Juan Abello,
BA considers bid for Iberia
British Airways is in talks with at least three private equity groups, including TPG and Apax Partners, about joining a consortium bid for Iberia, the Spanish flag carrier, Europe’s fourth largest. However,
Will BA and Iberia take flight?
A little more clarity has appeared on British Airways’ role in the ongoing Iberia takeover situation in Spain. The British flag-carrier said on Monday that it has been considering how to use its 10 per cent holding in Iberia following Iberia’s announcement that it has received a bid approach.
TPG seeks Spanish partner for its Iberia offer
TPG is seeking a Spanish partner to join its €3.4bn bid for Iberia, the Spanish airline, reports The Times. The private equity firm, which has appointed JPMorgan to advise on the bid, is in talks with several Spanish investors and institutions as it tries to build a consortium bid that maintains the airline’s national identity.
Snap: TPG makes €3.4bn bid approach to Spain’s Iberia
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 retains Goldman as advisor
Spanish flag carrier Iberia has retained Goldman Sachs for a possible sale, according to a report from Spanish newspaper Expansion. Citing market sources close to the situation, the paper says that Credit Suisse has also been taken on by the airline.
Four reportedly in the running for Iberia
Hot on the heels of a seeming denial from Germany’s Lufthansa that it is interested in bidding for Iberia, Fernado Conte, chairman of the Spanish airline, has told his board that Lufthansa is actually one of four parties interested in a takeover,