International Consolidat... Takeover Rumours (IAG)

British Airways Owner IAG Eyes TAP Air Portugal For Takeover After Abandoning Acquisition Of Air EuropaHttps://www.paddleyourownkanoo.com/2024/08/05/british-airways-owner-iag-eyes-tap-air-portugal-for-takeover-after-abandoning-acquisition-of-air-europa/

Yep strange pattern leading up to Q2.Wont lie price normally built in by now as the big players don’t wait for actual results day. Still firmly believe results will be v good and will help but starting to thing the 20th re takeover is the elephant in the room. Markets hate uncertainty as we know. That elephant needs resolving and then fingers crossed we will see the chains token and this fly’s. Excuse the pun lol

Would have thought market would have liked the news of possibly no takeover of AE .

IAG takeover of Air Europe in peril . FT EU officials flagging concern

The Times. Business. "IAG likely to get greenlight to takeover Air Europa this summer" IAG owns 20% and is paying €400 to buy remaining shares. European aviation watchdog have given themselves a deadline of August 20th for decision. I think it may have made financial sense to buy them on the upcycle but now that the industry is heading south not so much. European economy specially Germany is having a hard time