Iberia renounces the purchase of Air Europa under the agreed terms

Iberia

and

are already in "an advanced phase" of their negotiations to "terminate" the agreement by which the first airline intended to take over the second, initially for one billion euros and, after the

pandemic

, for five hundred million .

This has been confirmed this Wednesday by Iberia's parent company,

(IAG) in a letter to the National Securities Market Commission (CNMV) in which it explains that it is negotiating the breaking of the agreement reached with

, the group that owns Air Europe, in November 2019.

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