Spain's Iberia Airline On The Way To Private Ownership

Jan. 13, 2005
MADRID: The privatization of Spanish airline Iberia formally got under way this month with the transfer of 40% of the company's capital to seven corporate investors from Spain's state holding company SEPI. SEPI's remaining 54% stake in Iberia is due to ...
MADRID: The privatization of Spanish airline Iberia formally got under way this month with the transfer of 40% of the company's capital to seven corporate investors from Spain's state holding company SEPI. SEPI's remaining 54% stake in Iberia is due to be floated at a later stage. The deal involves two industrial investors, British Airways and American Airlines, which hold 9% and 1% respectively. The remaining shareholders are savings bank Caja Madrid with 10%, BBV banking group (7.3%), distribution company Logista (6.7%), department store El Corte Ingles (3%), and various savings institutions (3%). SEPI President Pedro Ferreras D'ez said: "Iberia today is a completely different company to the Iberia of 1996," when the process of privatization began. The deal will create jobs, wealth for the country, and shareholder value, Ferreras said.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!