EDINBURGH (dpa-AFX) - Qatar Airways Ltd. is considering further increasing its stake in British Airways owner IAG SA, Bloomberg reported citing people familiar with the matter.
Qatar Airways, already IAG's largest shareholder, is exploring boosting its holding to about 20 percent from 15 percent. The Middle Eastern airline is monitoring market developments and shareholders' willingness to sell and hasn't made a final decision on the move, the report said.
Standard Life Plc. (SL.L), the Scottish insurer and asset manager which is among the top-three shareholders, is also exploring increasing its stake in IAG to take advantage of the selloff, according to the report. The Edinburgh-based firm owns about 6 percent, according to IAG's website.
Responding to UK Referendum result on European Union Membership, International Consolidated Airlines Group S.A. (ICAGY.PK, IAG.L) said last week that it continues to expect a significant increase in operating profit this year, but no longer expects to generate an absolute operating profit increase similar to 2015.
Copyright RTT News/dpa-AFX