Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

TOP NEWS: IAG posts share buyback programme to fully buy Air Europa

1st Jul 2024 12:19

(Alliance News) - British Airways-owner International Consolidated Airlines Group SA on Monday announced a share buyback programme aimed at fulfilling a requirement to fully buy Air Europa from Globalia.

IAG in February 2023 said it will buy the remaining 80% stake in Air Europa for around EUR500 million, after it had secured a 20% stake in August 2022.

IAG on Monday said it will buy a maximum of 27.1 million shares for a maximum of EUR70.0 million.

It explained that the share buyback programme is aimed at fulfilling a requirement to deliver shares to Globalia as part of the consideration for the proposed buy of the remaining 80% stake in Air Europa.

IAG's share buyback programme starts on Monday and will run until maximum August 2.

IAG shares were 0.6% higher at 163.20 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value8,252.91
Change29.57