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The companies British Airways PLC and Iberia LAE S.A. concluded a merger agreement. According to this agreement, a new company holding was established by the name of International Consolidated Airlines Group S.A. As a consequence of the merger, shareholders of British Airways PLC will receive one share of International Consolidated Airlines Group S.A. for each one share they hold.
The merger was approved by the extraordinary annual general meetings of the two affected companies.
The ex date of the substitution of the shares will take place after the merger has been entered in the commercial register. It will be January 21, 2011.
The circular contains a description of the necessary adjustments to the Eurex stock futures contract on British Airways PLC (BAIF).
Due to the fact that there is no open interest available, the Eurex stock futures contract on Iberia LAE S.A. (IBLG) will be set on “HALT” and discontinued effective immediately.
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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