We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Poor precedent

13 January 2005

The travel reservations firm shunned a bid from Citigroup Venture Capital even though it was 9% higher than the E4.4bn price it accepted. Why it chose the lower offer is not clear. But it sets a poor precedent for the private equity boom many believe is coming in Spain.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)