My Account Menu

CAPA Login

Register to trial CAPA Membership!

Caja Madrid completes stake hike in Iberia, now holds 22.99 pct


MADRID (Thomson Financial) - Caja Madrid said it has completed its stake hike in Iberia Lineas Areas de Espana SA, buying the 6.99 pct held by BBVA and 6.42 pct held by Logista. In a statement, Caja Madrid said it now holds 22.99 pct in the Spanish air carrier.

Iberia is currently the target of a bid by a Gala Capital consortium, which has tabled a 3.60-3.90 eur indicative offer for the airline.

A TPG-BA consortium resigned from the bidding in late November on the heels of Caja Madrid securing its increased stake in Iberia.

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.