IAG down on Bankia concerns

Shares in British Airways parent International Airlines Group (IAG) fell on Monday morning after the president of troubled Spanish lender Bankia said the bank would sell assets to raise much needed funds.

Shares in British Airways parent International Airlines Group (IAG) fell on Monday morning after the president of troubled Spanish lender Bankia said the bank would sell assets to raise much needed funds.

Bankia has a 12% holding in IAG following a bailout of Caja Madrid, a main stakeholder in Iberia before it merged with BA to form IAG.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.