Texas Pacific Mulls an Iberia Bid

The private equity firm may offer $4.5 billion for the Spanish airline in what could be a sign of renewed consolidation among European carriers

In the 1990s, Texas Pacific Group shook up the U.S. airline business by leading a buyout and turnaround of Continental Airlines. Now, could the private equity outfit trigger a shakeup in Europe's skies? TPG confirmed on Mar. 30 that it is considering a $4.5 billion offer for Spanish carrier Iberia, fueling speculation about a possible bidding war for Europe's fourth-largest airline.

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