29th Jun 2016 13:06
EDINBURGH (Alliance News) - Qatar Airways Ltd is considering further increasing its stake in British Airways owner International Consolidated Airlines Group SA, Bloomberg reported, citing people familiar with the matter.
Qatar Airways, already IAG's largest shareholder, is exploring boosting its holding to about 20% from 15%. The Middle Eastern airline is monitoring market developments and shareholders' willingness to sell and hasn't made a final decision on the move, the report said.
Standard Life PLC, the Scottish insurer and asset manager which is among the top-three shareholders in IAG, is also exploring increasing its stake in IAG to take advantage of the selloff, according to the report.
Copyright RTT News/dpa-AFX
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