12th Jul 2016 15:00
LONDON (Alliance News) - Qatar's state-owned Qatar Airways Co QCSC Tuesday clarified that it currently holds a 15.67% stake in International Consolidated Airlines Group SA, and reiterated it would consider increasing its stake further "within the allowable limits".
IAG, which owns the British Airways, Vueling and Aer Lingus brands was the second best performer in the FTSE 100 Tuesday, trading up 4.3% at 407.20 pence.
Qatar Airways noted that as a non-EU shareholder of IAG, it is subject to an overall cap on non-EU ownership, as a result of a requirement for EU airlines to be majority owned by EU shareholders.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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