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Iberia Wants To Know If TPG Has Bid Partner

14 Apr. 2007  
Iberia said on Friday it requisite more information from suitor Texas soothing Group about its EUR3.4 billion euro (USD$4.6 billion) bid for the airline, echoing remarks it made on Thursday.

"With stares to the information given to Reuters yesterday... the stay... wants more information and minutiae about the scheme, in particular better information about the arrange of the advance with stares to a likely commerce partner," the airline said in a assertion.

A spokeswoman for the airline said on Thursday it had not exposed its books to exclusive justice group TPG and would ask the exclusive justice bidder to name its partners in the compact.

The airline sought to know whether any Spanish companies were partnering TPG in its bid for the Spanish standard hauler, she said.

TPG has untaken an indicative penalty of 3.60 euros a allocate for Iberia.

European system check US steadys such as TPG from owning more than 49 percent of an EU airline. Under a new "open skies" contract between Washington and Brussels, the European Union would impendingly have the capacity to cut that check to 25 percent.

Lufthansa and British Airways -- which owns 10 percent of Iberia and has first refusal to buy another 32 percent -- have been named as doable rivals or partners for TPG.

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