topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 3083.51 0.32
DAX 9605.08 0.17
IBEX 30 10058.5 -1.04
CAC 40 4387.61 -0.20
FTSE 100 6806.86 -0.05
AEX 397.5 -0.20
DJIA 16272.65 0.46
Nasdaq 4318.933 0.63
FTSE MIB 20298.33 -0.11
TSX Composite 14214.35 0.18
ASX 5415.4 -0.10
Hang seng 22836.96 0.04
Straits Times 3110.78 0.45
ISEQ 20 836.3 0.23
EUR / USD 1.37976 0.67
EUR / GBP 0.82571 0.59
USD / GBP 0.598544 -0.10
Gold 1329.6 -0.13
Oil 108.9 -0.76
Silver 21.28 0.08
You are here: Home News Spanish News Qatar eyes stake in British Airways parent: report
Enlarge font Decrease font Text size


08/05/2013Qatar eyes stake in British Airways parent: report

Qatar has approached International Airlines Group, owner of British Airways and Spain's Iberia, about becoming its biggest shareholder via the purchase of a stake held by struggling Spanish lender Bankia, the Financial Times reported Wednesday.

The daily business newspaper, which cited two people familiar with the situation, said Qatar had made an informal approach to IAG to ask whether it would welcome the Gulf nation as an investor.

Both Bankia and IAG declined to comment on the report.

Bankia's 12-percent holding is worth about £627 million ($972 million, 740 million euros), according to Tuesday's closing share price.

London-listed IAG had informed Bankia three months ago that Qatar was interested in the stake, according to the FT, which cited a third person familiar with the matter.

IAG, which publishes its first-quarter results this Friday, saw its share price drop 0.53 percent to 280 pence in Wednesday morning deals on the FTSE 100 index of top companies, which was 0.24-percent higher at 6,573.11 points.



© 2013 AFP


0 reactions to this article

0 reactions to this article

Discussion Forums

Business and Personal Finance in Spain

End of Week Currency Roundup

Business and Personal Finance in Spain

Midweek Currency Update

Community Noticeboard Spain

Expat Transcribers Wanted!

English in Spain

Any other British Mums in Madrid?

Travel & Transport in Spain

Quality Real And Fake Passports,Driver’s License,ID Cards,

participate in the forums

 
 
 
 
 
Inside Expatica
Editor's Guide: Getting Started in Spain

Editor's Guide: Getting Started in Spain

Expatica's Getting Started section will provide practical information on how you can open a bank account, exchange your driving licence, improve your Spanish, and more.

Groups and Clubs in Madrid

Groups and Clubs in Madrid

Here's a guide to an extensive list of groups and clubs in Madrid for expats, from sports groups to social and family gatherings.

Groups and Clubs around Spain

Groups and Clubs around Spain

A brief introduction to our Tax section for Spain, from help with inheritance tax to accounting advice.

Groups and Clubs in Barcelona

Groups and Clubs in Barcelona

Here's a short introduction to our Banking section for those living in Spain, from what to ask the experts to opening a Spanish bank account.