Deals
Qatar Airways Said to Lift Stake in British Airways Owner to 20%
- Second-largest Gulf carrier previously held 15.7% in IAG
- Qatar Airways adding to holding after shares slumped on Brexit
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Qatar Airways Ltd. will further raise its stake in British Airways owner IAG SA, adding to its holding after the shares plunged in the wake of the Brexit vote, according to people familiar with the matter.
The state-owned carrier, already IAG’s largest investor, will boost its holding to about 20 percent from 15.7 percent, said the people, who asked not to be identified because the negotiations are private. The increased stake could be announced in the coming days, the people said. Qatar Airways and IAG representatives declined to comment.