The British airline bought 28.7 million shares at an average price of €2.34, for a total price of € 67.2 million, according to a BA report to the London Stock Exchange. BA Managing Director Willie Walsh said the purchase is a reflection of the ’strategic importance’ of Iberia and that further purchases are and will be considered.
However, this morning BA denied the fact that acquisition of Iberia is imminent.
While more Iberia sotocks were bought last week, the UK airline said that "British Airways said on Tuesday it had no current plans to bid for Iberia, after a newspaper speculated it was preparing an offer for the Spanish carrier," reports Reuters.
Also Mail On Sunday has quoted BA Chief Executive Willie Walsh as saying "It depends on the price. But we have made it clear that we will only do something in agreement."
