IAG can confirm that it is considering making an offer for 100% of the share capital of Vueling

Following media reports, International Consolidated Airlines Group, S.A. (IAG) can confirm that it is considering making an offer for 100 per cent of the share capital of Vueling Airlines, S.A. (Vueling).

The IAG board will be considering the matter tomorrow (November 8, 2012) but no decision to make an offer has yet been reached nor, accordingly, on any of its potential terms, including in particular the price. Further announcements will be made in due course when a decision is made.

IAG’s subsidiary Iberia L.A.E. Operadora, S.A. has a 45.85 per cent shareholding in Vueling.