International Consolidated Airlines Group (IAG), which was formed through the merger of British Airways and Iberia Lineas Aereas de Espana, has been valued at net $8.5bn following its recent listing on the London Stock Exchange.
A total of 1.05m IAG shares were traded in London, while 755,000 shares were bought and sold in Madrid, where it is also listed.
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The merger has created the third-largest scheduled airline group in Europe and the sixth largest in the world based on revenues.
