28th Feb 2025 20:00
International Consolidated Airlines Group SA - London and Madrid-based airline operator - Launches EUR500 million first tranche of up to EUR1.00 billion share buy back programme, which was announced earlier Friday. Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE have been engaged to implement the programme. Qatar Airways Group agrees to participate in the programme on a pro rata basis so as to maintain its current aggregate stake in IAG of just over 25%. Therefore, the first tranche will include EUR374 million for purchases from market participants and EUR126 million for purchases from Qatar Airways. The first tranche will start on March 5 and run until May 30 at the latest.
Current stock price: 355.00 pence
12-month change: more than doubled
By Jeremy Cutler, Alliance News reporter
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