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Qatar Airways ups British Airwways stake

Associated Press logo Associated Press 2/08/2016

Qatar Airways has boosted its stake in British Airways and Iberia parent IAG, and now owns just over a fifth of the company.

The Qatari state-backed carrier said it raised its stake to 20.01 per cent as of last Thursday, up from 15.67 per cent previously.

It did not say how much it paid, but says IAG's recent market valuation provided "an attractive opportunity".

The airline says its interest in IAG is "purely financial" and reflects the strength of commercial and strategic ties between the companies.

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