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BA increases Iberia shareholding
British Airways has increased its shareholding in Iberia from 10.1% to 13.15%.
It has bought 28,745,767 shares of the Spanish airline at an average price of €2.34 per share.
The airline, which abandoned takeover plans for Iberia last November, said it was planning further investment in the airline.
BA chief executive officer Willie Walsh said: “This purchase reflects the strategic importance we attach to our relationship with Iberia and our continued confidence in its management. We will consider further opportunities to increase our stake.â€
By Bev Fearis
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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