Ba Teams Up with Tpg for a Bid to Buy Iberia

Daily MailMay 23, 2007

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Summary


BRITISH Airways has joined forces with private equity firm Texas Pacific Group to launch a bid for Spanish airline Iberia.

The decision comes after weeks of negotiations with another consortium headed up by rival firm Apax.

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Extract


Ba Teams Up with Tpg for a Bid to Buy Iberia

BA (down 13 1/2p to 466 1/...

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