19th Mar 2008 10:00
British Airways PLC19 March 2008 BA increases shareholding in Iberia British Airways has bought 28,745,767 shares of the Spanish airline Iberia at anaverage price of €2.34 per share, taking its holding to 13.15 per cent. British Airways Chief Executive Officer Willie Walsh said: "This purchasereflects the strategic importance we attach to our relationship with Iberia andour continued confidence in its management. We will consider furtheropportunities to increase our stake." ends March 19, 2008 039/KG/08 Notes to editors Under the Spanish takeover regulation, the maximum shareholding that BA and theother core shareholders can buy in any 12 month period without triggering amandatory offer is 5 per cent. BA has an obligation to notify the other core shareholders before the 5 per centthreshold is reached. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines