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BA investigates consortium bid for Iberia
British Airways is investigating a consortium bid for Iberia in partnership with four private equity groups.
The groups are TPG Capital, Vista Capital, Inversiones Ibersuizas and Quercus Equity.
In a statement today, the airline confirmed it was investigating a consortium bid but said there is no guarantee that a formal bid will be made.
It also said it has already ruled out further capital investment as part of any consortium offer and will not make an independent bid for the airline.
BA already owns a 10% stake in Iberia and has an option to buy another 26.5%.
Lufthansa is also considering a bid for the Spanish airline.
By Bev Fearis
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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