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Vueling Airlines SA’s Board Recommends Delisting Bid From International Consolidated Airlines Group SA-Reuters


Friday, 24 May 2013 08:39am EDT 

Reuters reported that the Board of Vueling Airlines SA (Vueling) recommended the shareholders accept a EUR 9.25 (USD 12) per share offer from International Consolidated Airlines Group SA (IAG) to delist its shares. IAG already owns 90.5% of Vueling and the deal is aimed at buying out minority shareholders in order to take the low-cost airline off the stock market.