Iberia ups stake in British Airways

14 Oct 2008

1

Spanish flag carrier, and potential merger partner of British Airways (BA), Iberia has more than doubled its stake in BA to 7.3 per cent over the past three weeks taking advantage of the steep fall in the UK flag carrier's share price.

Iberia had announced at the end of July that it had bought an initial 2.99 per cent stake in BA even as both airlines announced they were negotiating a merger aimed at rivalling European giants Air France-KLM and Lufthansa.

Iberia had also stated then that it had "no intention" of increasing its total economic exposure to BA above the level of 9.99 per cent but would "at an appropriate time" acquire additional shares in the UK flag carrier.

BA's share price closed 3 per cent higher on Monday at 125p.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers