British Airways yesterday confirmed that it will not increase its 9.95% stake in Iberia through the acquisition of shares being sold by BBVA and Logista, to which it has preemption rights as a core shareholder under a 1999 agreement. "British Airways' position as Iberia's key industrial partner remains important and is not dependent on an increase in shareholding," CFO Keith Williams said, adding that BA will "enter into discussions" with Caja Madrid "in order to maximize the value of our ...

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