30 December 2015
We acted for Deutsche Bank AG, London Branch (“Deutsche Bank”) in relation to the EUR 1.36 billion acquisition of Aer Lingus by International Consolidated Airlines Group, S.A. (“IAG”), the holding company of British Airways, Iberia and Vueling.
The transaction was structured as a recommended all-cash offer. The offer, which was declared wholly unconditional on 18 August 2015 and closed on 1 September 2015, was governed by the laws of Ireland and was subject to the requirements of the Irish Takeover Rules. The offer was financed by a EUR 800 million bridge loan facility and a EUR 600 million acquisition term loan facility.