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LONDON - International Consolidated Airlines Group (LSE:IAG) has completed the €500 million second tranche of its €1 billion share buyback program, the airline holding company announced Monday in a press release statement.
The company, which owns British Airways and Iberia among other carriers, acquired 115,531,620 ordinary shares under the second tranche, representing approximately 2.44 percent of its issued share capital. IAG stated it will proceed with the share capital reduction and cancellation of these shares "in due course."
The buyback program, initially announced on February 28, 2025, was designed to reduce IAG’s share capital. Under the completed program, IAG purchased a total of 263,600,174 ordinary shares, equivalent to approximately 5.58 percent of the company’s current issued share capital.
The first €500 million tranche, which concluded earlier this year, resulted in the acquisition of 148,068,554 ordinary shares, representing about 3.13 percent of IAG’s issued share capital. The company completed the share capital reduction and cancellation of those shares following announcements on September 11 and October 28.
The final share purchase under the second tranche was made on November 21, according to the company.
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