IAG amends Air Europa agreement
IAG amends Air Europa agreement International Airlines Group (IAG) and Globalia have announced that they have amended the original agreement announced on 4 November 2019 under which IAG's subsidiary, Iberia, has agreed to acquire the entire issued share capital of Air Europa. Under the terms of the Amendment Agreement, the parties have agreed that the amount to be paid by Iberia for Air Europa will be reduced from an equity value of €1 billion to €500 million with payment deferred until the sixth anniversary of the Acquisition’s completion. The revised terms in the Amendment Agree...