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United Kingdom BA says its shareholders approve landmark Iberia merger
Published on 29/11/2010
British Airways shareholders overwhelmingly approved the airline's landmark multi-billion-euro merger with Spanish carrier Iberia following a vote here on Monday, BA said.
“We are delighted that our shareholders have approved our merger with Iberia and await the result of the Iberia shareholder meeting,” said the statement.
A spokesman added that BA shareholders voted 99 percent in favour of a deal to create Europe’s second biggest airline.
Iberia shareholders were currently meeting on whether to back the tie-up worth more than 6.0 billion euros (8.0 billion dollars).