IAG prepared for Bankia to sell stake

Click to follow
The Independent Online

Investors are interested in buying the bailed-out Spanish bank Bankia's 12 per cent stake in IAG, the owner of British Airways, according to IAG's chief executive, Willie Walsh.

He said yesterday: "There are investors interested in replacing Bankia, and in my opinion, it is not a question of if, but when they are going to sell."

Mr Walsh said he was open to other airlines coming on board as shareholders as long as they remained "neutral".

Comments