Singapore Lifts Stake in Virgin Australia

Discussion in 'General Discussion | Travel' started by GoodBoy, Apr 24, 2013.  |  Print Topic

  1. Singapore lifts stake in Virgin Australia
    • From:The Australian
    • April 25, 2013 12:00AM

    RICHARD Branson's Virgin Group says it is not in discussions with other parties about its remaining stake in Virgin Australia and will remain a leading shareholder after yesterday's surprise move to sell a 9.9 per cent parcel of shares worth $122.6 million to Singapore Airlines.
    The move to buy 255.5 million shares at 48c, 2c higher than last night's closing price, brings Singapore's stake to 19.9 per cent. It came a day after the competition watchdog said it would not oppose Virgin Australia's move to take a 60 per cent stake in Tiger Airways Australia.
    uggboy and sobore like this.

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