23rd Apr 2007 07:02
British Airways PLC23 April 2007 STATEMENT ON IBERIA SHAREHOLDING British Airways is considering how to use its 10 per cent holding in Iberiafollowing Iberia's announcement that it has received a bid approach. As part of this process, the airline has approached a number of private equitycompanies about making a consortium offer for Iberia. Any consortium bid wouldnot involve further capital investment by British Airways. As well as a privateequity partner, this consortium is likely to include one or more Spanishpartners. British Airways has not made a final decision about the future of its shareholding in Iberia and continues to examine numerous options including fulldisposal. However, it has ruled out an independent bid for the airline. Ends April 23, 2007 054/LG/07 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines