British Airways to be patient on Iberia: CEO

(Reuters) - British Airways is part of a consortium led by private equity firm Texas Pacific Group that has bid 3.60 euros a share for Iberia.




Iberia did not discuss the offer at its monthly board meeting on Thursday, a spokeswoman for the Spanish airline said, despite a previous commitment to do so.


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British Airways to be patient on Iberia - CEO

(Reuters) - offer, its chief executive said on Thursday. British Airways is part of a consortium led by private equity firm Texas Pacific Group [TPG.UL] that has bid 3.60 euros a share for Iberia.



The offer is expected to be rejected by Iberia's board at a meeting on Thursday in the hopes of receiving a rival bid, according to a source familiar with the situation.


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