Qatar Airways Raises IAG Stake

April 27, 2016

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Qatar Airways has raised its stake in International Airlines Group to under 12 percent from 9.99 percent, chief executive Akbar Al Baker said.

Al Baker did not specify the exact size of its holding or when it had increased.

Qatar Airways bought a 9.99 percent stake in IAG, which owns British Airways and Iberia, in January 2015. Al Baker said at the time that Qatar would like to raise its stake.

(Reuters)