International Consolidated Airlines (GB:IAG) has released an update.
International Consolidated Airlines Group (IAG) has initiated a share purchase program to facilitate its proposed acquisition of Air Europa, with the possibility of using the purchased shares alternatively for executive and employee share awards if the acquisition doesn’t complete. The program, budgeted at €70 million for up to 27.06 million shares, will be conducted on the London and Spanish Stock Exchanges under specific terms, including a set maximum price and volume restrictions, and is expected to conclude by August 2, 2024.
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