EC CLEARS IBERIA’S GOVERNMENT EQUITY PLAN

EC CLEARS IBERIA’S GOVERNMENT EQUITY PLAN

   The European Commission said that it will raise no objection to the Spanish government’s plan to increase the share capital of Iberia.
    In May, the Spanish authorities advised the EC that they intended to increase the share capital of Iberia by 120 million Euro ($126 million).
    The EC said that the transaction is in line with private-sector investment principles.