Vueling, the Spanish low cost carrier based in Barcelona, is to become part of International Airlines Group (IAG) after the majority of its shareholders accepted IAG’s cash tender offer for the airline, following recommendation by the Vueling board. IAG’s subsidiary Iberia already owns 45.85% of Vueling’s shares and Iberia’s board agreed not to tender them in the offer. The Spanish National Securities Market Commission (CNMV) has announced today that 82.48 per cent of the remaining shareholders have accepted IAG’s offer of €9.25 per share. Therefore, the IAG group will own 90.51% of Vueling. The cost of purchasing the Vueling shares
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