Slaughter and May, Garrigues and Sullivan & Cromwell have picked up roles to advise British Airways’ parent company, International Consolidated Airlines Group (IAG), on its plan to raise €2.75 billion from shareholders after suffering steep financial losses during the first half of the year due to the coronavirus pandemic.
IAG, which also owns Vueling and Aer Lingus, said in a statement published on its website that the rights issue is being backed by its main shareholder, the state-owned Qatar Airways.
