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Shareholders Of International Consolidated Airlines Group SA’s Subsidiary, Vueling Airlines SA, To Meet On June 27 To OK Delisting Bid-DJ


Friday, 24 May 2013 08:40am EDT 

Dow Jones reported that International Consolidated Airlines Group SA (IAG) said its subsidiary Vueling Airlines SA (Vueling) has called the General Shareholders' Meeting on June 27, 2013 to approve the delisting of Vueling's shares from the Spanish stock exchanges. The delisting tender offer will be EUR 9.25 per share. Vueling will be delisted from the Barcelona, Bilbao, Madrid and Valencia Stock Exchanges upon successful completion of the offer. Vueling will remain a standalone operating company within IAG. Since April 26, 2013, IAG has owned 90.51% of Vueling. This follows a cash tender offer for the Vueling shares that were not already owned by IAG's subsidiary Iberia which has a 45.85% holding. Acceptance of the original cash tender offer of EUR 9.25 euro per share was recommended by the Vueling board on April 9, 2013.