Spanish Government To Sell 5.2% Stake In Iberia -Newspaper
October 12 2009 - 7:13PM
Dow Jones News
The Spanish government has no intention of keeping its 5.2%
stake in Iberia Lineas Aereas de Espana SA (IBLA.MC) and will put
it up for sale once the merger between the Spanish airline and
British Airways PLC (BAIRY) is completed, reports Gaceta de los
Negocios in its Tuesday Internet edition, without citing any
sources.
State-owned holding company SEPI is Iberia's third largest
shareholder following Caja Madrid, with a 23% stake and British
Airways with a 13% holding.
Merger talks between Iberia and British Airways have recently
made progress since the change in leadership within Iberia.
Newspaper Web site: www.negocios.com
-Dow Jones Newswires, enza.tedesco@dowjones.com
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