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IAG has enough investor support to gain control of Vueling

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(Globalpost/GlobalPost)

MADRID (Reuters) - The Spanish stock market regulator said on Tuesday that airline IAG <ICAG.C> <ICAG.MC> had enough bid acceptances to gain control of airline Vueling <VULG.MC>.

IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after Vueling rejected a previous offer of 7 euros per share.

(Reporting By Sonya Dowsett; Editing by Sarah Morris)

http://www.globalpost.com/dispatch/news/thomson-reuters/130423/iag-has-enough-investor-support-gain-control-vueling