Air Europa Accepts Turkish Airlines' Minority Stake Bid

El Pais

Lean Left

Factuality

Ownership

White smoke at the headquarters of Air Europa, which accepts the proposal of Turkish Airlines to become a new shareholder with a minority stake of 26% to 27%. The Turkish giant first thing this Tuesday sent the expected binding offer to the president of the tourist holding Globalia, Juan José Hidalgo, holder of 80% of the Spanish network company. The accepted check reaches 300 million euros, amount that will arrive through a loan that will end u…

El Mundo

Lean Right

Factuality

Ownership

Air Europa has accepted the offer to acquire Turkish Airlines to take a minority share of its shareholding, in particular by more than 25%, equivalent to about 300...

20minutos

Center

Factuality

Ownership

The airline Turkish Airlines (THY) has forwarded on Tuesday the offer of acquisition of a minority party to the president of Air Europa, Juan José Hidalgo, waiting for the latter to sign the letter of acceptance of the same, according to EFE from knowledgeable sources of the process. Hidalgo is expected to receive the offer and to subscribe to it this same Tuesday.Turkish Airlines announced on August 7 to the regulator of the Istanbul market, wh…

Eldiario.es

Lean Left

Factuality

Ownership

Of that amount, $275 million corresponds to a loan that will be converted into shares and will be used to repay funds granted by SEPI in the aftermath of the pandemic.

abc

Lean Right

Factuality

Ownership

The Turkish flag airline will take up to 27% of the company if the government validates the operation