06-Jan-2009 3:39 PM

Vueling, clickair merger must be close

Analysis

Vueling, Spain's up-market LCC, shares leapt 20.4%yesterday, presumably on speculation or more that the proposed merger with local rival clickair is likely to be approved by the EU Commission. This follows a 14.6% increase in the price on Friday. The EU announcement is expected later this week.

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Vueling, clickair merger must be close

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