Empresas.IAG launches its capital increase with a 35% discount
owner of airlines such as
Iberia, Vueling or British Airways,
has successfully completed its capital increase of 2,741 million euros.
the recapitalization has been covered 100%, as reported by the company to the
The company has received acceptances regarding the 2,979.44 million new shares that it had put on the table.
As of September 26, the end of the preferential subscription period,
2,763.5 million titles
had been demanded
92.75% of the offer.
, representing 211.53% of the new shares.
As these requests exceeded the number of remaining shares, the agent bank made a prorated distribution as stated in the prospectus of the operation.
"We are pleased that our shareholders have supported the capital increase, which strengthens IAG's financial and strategic position. Along with the swift actions we are taking to adjust costs for our airlines, this allows us to strengthen our balance sheet and improve liquidity. At the same time, it gives us flexibility to face the current situation and places the Group in a stronger position to take advantage of a recovery in air transport demand ", stated
CEO of IAG.
IAG announced this capital increase last July as a way to face the serious crisis that the group (and the airline sector) is going through.
The group that owns Iberia, British Airways or Vueling,
lost 3,800 million euros
in the first half of the year (until June), compared to the profit of 806 million the previous year, due to the fall in demand derived from the
According to the criteria of The Trust Project
EmpresasIAG launches its capital increase with a 35% discount
Aeronautical sectorIAG today holds a crucial meeting in which it will vote on the capital increase and the replacement of Luis Gallego
Shareholders' MeetingIAG will close the purchase of Air Europa at the end of the year or in January if it reaches an agreement on the price
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