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Qatar Airways says raises IAG stake to under 12 pct from 9.99 pct

Reuters - UK Focus

DUBAI, April 27 (Reuters) - Qatar Airways has raised its stake in British Airways owner International Airlines Group (IAG) to under 12 percent from 9.99 percent, Chief Executive Akbar al-Baker said on Wednesday, without specifying the exact size of its holding or when it had increased it.

Qatar Airways bought a 9.99 percent stake in IAG, which also owns Iberia, in January 2015. Baker said at the time that Qatar would like to raise its stake. (Reporting by Matt Smith; writing by Tom Arnold; editing by Jason Neely)