European com­pe­ti­tion aut­ho­ri­ties still have to give their green light

Air Europa Will Shortly Receive The €100 Loan From Iberia, Convertible To 20% Of Its Capital

Air Europe.
Air Europe.

Intermoney | The chairman of Iberia, Javier Sánchez-Prieto, has con­firmed that Globalia al­ready has the green light from SEPI, con­tro­lled by the Finance Ministry, and the ban­king syn­di­cate led by Santander, for the 100 mi­llion euros loan con­ver­tible into shares with which to buy 20% of Air Europa. The deal was forged in March and is a first step to­wards the full ac­qui­si­tion of Air Europa.

That said, it is still pending that various competition regulators in several European countries (UK, Germany and Spain) give their ‘OK’ to this acquisition operation.


Positive news which means a first step towards IAG buying 20% of Air Europa. Although the European competition authorities still have to give their green light, we do not believe they will put any impediment since with a 20% stake, Iberia will not have any influence in the management of Air Europa. The company is putting a limit of 18 months on buying 100% of the airline.

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