(Reuters) Marshall Wace has picked up a 3% stake in British Airways-owner IAG ICAG.L, a Spanish regulatory filing from the hedge fund showed on Wednesday. IAG last month raised 2.7 billion euros ($3.2 billion) to reduce debt and ride out the COVID-19 pandemic, which has hammered the global aviation industry as air travel has grounded to a halt.
Hedge fund Marshall Wace takes stake in British Airways-owner IAG
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