Deutsche Bank has acquired a 5.16% stake in the IAG International Airlines Group, the Spanish press have reported.
As it stands, the German bank owns 3.06% of IAG's shares and has acquired another 2.1% through swaps making it the fifth largest shareholder behind Qatar Airways (QR, Doha Hamad International) (20%), Capital Research (9.96%), Standard Life (5.87%), and Europacific Growth (5.26%).
On the back of an annual operating profit of EUR2.5 billion euros (USD2.64 billion) for FY2016, the airline conglomerate announced last week it will return EUR500 million euros (USD528 million) to investors.
The IAG's constituent carriers include British Airways, Iberia, Aer Lingus, and Vueling Airlines.
