IAG to keep 20% stake in Air Europa after Turkish Airlines investment of €300 million
Norbolsa | LThe Spanish airline has accepted the proposal from Turkish Airlines, which will invest €300 million. The deal includes a €275 million loan that will be converted into shares and an additional €25 million cash contribution to enter directly into the capital. With this move, the Turkish airline will acquire between 26% and 27% of Air Europa, thus appreciating its stake in the Hidalgo family’s company. Following the transaction,…









