Qatar increases its stake in BA-owner IAG to 25.1%

Qatar increases its stake in BA-owner IAG to 25.1%

LONDON (Reuters) - Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG ( ICAG.L ) to 25.1%, buying another stake worth $600 million as part of a strategy it described as being highly successful.. The cost of increasing its IAG holding is 465 million pounds ($604 million), based on the closing price of IAG's shares on Tuesday.. Qatar first invested in IAG in 2015, buying 9.99% of the company, and has steadily increased it since then..