ECONOMIC INTERPENETRATION / (eu) privatisation

-Spain: The Spanish government approves the sale of 40% of the capital of the aviation company IBERIA (turnover of 665.3 billion ESP in 1998) to seven investors, of which the companies BRITISH AIRWAYS AND AMERICAN AIRLINES, who will pay a total amount of 182 billion ESP. According to the planned schedule, BRITISH AIRWAYS will hold a 9% stake of IBERIA's capital and AMERICAN AIRLINES 1%, the remaining core of investors should be made up of the five Spanish institutional investors who hold a...