Etihad increases stake in Virgin

Etihad increases stake in Virgin
By admin


Etihad has increased its stake in Virgin Australia to 7.27% after spending almost $12 million on shares since August 20.

The Abu Dhabi-based airline paid between 45.7 cents and 47.7 cents per share for more than 25 million shares.

Etihad’s previous interest was 6.1%.

The Foreign Investment Review Board has given approval for Etihad to increase its stake to 10%.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

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