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TPG swoops on Iberia with $4.5 bln approach (Reuters)

Posted on March 30th, 2007. About Business.

Iberia planes are parked at Madrid's Barajas airport July 10, 2006. Iberia said on Friday it had received a bid approach from private equity firm Texas Pacific Group, valuing the Spanish airline at about 3.4 billion euros ($4.5 billion). (Sergio Perez/Reuters)Reuters - Iberia said on Friday it had received a bid approach from private equity firm Texas Pacific Group , valuing the Spanish airline at about 3.4 billion euros ($4.5 billion).


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