Last Gasp Attempt Seems to Fail, TPG's Bid for Iberia Not To Be

Despite a last valiant attempt by TPG to get BA to exercise its option and raise its shares in Iberia - the effort seems to have led to nothing. BA is reported in the British Newspapers of having let its option to raise its stake in the former national Spanish Airline expire.

This all but kills off the TPG effort and clears the way for a locally funded effort to succeed thus avoiding a confrontation with the EU competition authority. Perhaps after the Alitalia mess is cleared up - then BA may think again.