British Airways (BAY.L) and Spanish carrier Iberia (IBLA.MC) sign their merger agreement, sealing a long-awaited deal to create the world’s third largest airline by revenue. The deal creates a group with a combined market value of around $8 billion. Read the Reuters story here.
India’s Essar plans a $2.5 billion listing in the United Kingdom. The energy company expects to be included in the FTSE and has hired JPMorgan and Deutsche Bank to help it sell its shares.
For all Reuters news on deals, click here. Elsewhere in media:
Greeting cards retailer Card Factory is on the verge of a 350 million pounds sale to private equity firm Charterhouse Capital Partners, UK newspaper the Times reports.
Hospital chain HCA Inc is preparing an initial public offering that may raise $3 billion, and plans to interview banks to underwrite the sale in the coming weeks, according to Bloomberg.