IAG: Spanish regulator approves Vueling revised offer

Spain’s National Securities Market Commission (CNMV) has approved International Airlines Group’s (IAG) revised offer for Vueling.
The revised offer is for €9.25 per share and the minimum acceptance level is 4.16 per cent of Vueling’s capital. IAG’s subsidiary Iberia owns 45.85 per cent of Vueling shares and will not participate in the offer.

The offer acceptance period has been extended by nine days so that Vueling shareholders have more time to assess the revised offer. The closing date is now April 19, 2013.