International Consolidated Airlines Group has raised its tender offer for 100% shares of Vueling Airlines from €7 euros per share to €9.25 euros per share. The offer acceptance period has been extended from 39 to 48 calendar days. Shares in Vueling opened up sharply on the news – at 1558 GMT yesterday were trading up 9.2 percent at €9.26 before Spain’s stock market regulator suspended trading in the budget airline with immediate effect, citing unspecified circumstances that could affect the price of its shares.

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