the deal clinched by WJ and WN had been barely inked that ....
Clickair (Barcelona) and Vueling.com (Barcelona) as we first reported on April 2, will merge. The "merger between equals" has received tentative approval. The Memorandum of Understanding (MOU) for a merger has been approved by Clickair's and Vueling's Board of Directors. If finally agreed by all parties, Clickair will be merged into Vueling. The Vueling brand will be the surviving brand. The headquarters will remain in Barcelona. Iberia, Air Nostrum, Nefinsa and Inversiones Hemisferio will be the shareholders of the new company. Iberia, which controls 80 percent of Clickair's voting rights, will hold around 45 percent of the stock of new company. Air Nostrum, which also controls 20 percent of Clickair, will have just slightly over 10 percent of the new Vueling. Vueling's largest shareholder, Hemisferio, will hold around 15 percent of the new Vueling.
Clickair (Barcelona) and Vueling.com (Barcelona) as we first reported on April 2, will merge. The "merger between equals" has received tentative approval. The Memorandum of Understanding (MOU) for a merger has been approved by Clickair's and Vueling's Board of Directors. If finally agreed by all parties, Clickair will be merged into Vueling. The Vueling brand will be the surviving brand. The headquarters will remain in Barcelona. Iberia, Air Nostrum, Nefinsa and Inversiones Hemisferio will be the shareholders of the new company. Iberia, which controls 80 percent of Clickair's voting rights, will hold around 45 percent of the stock of new company. Air Nostrum, which also controls 20 percent of Clickair, will have just slightly over 10 percent of the new Vueling. Vueling's largest shareholder, Hemisferio, will hold around 15 percent of the new Vueling.
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