Tuesday, April 17, 2007

Apax contacts Gestair for joint Iberia bid -paper

(Reuters) - "Gestair believes Iberia has a lot of potential and would be a good investment in the medium term although it is waiting for a formal proposal from Apax," the sources told the newspaper.

Apax could gain from securing a Spanish partner since Iberia's rights to fly to Latin America are based on the majority of Iberia's capital remaining Spanish, the paper said.


Read more at Reuters.com Mergers News

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