Complexities have slowed Air New Zealand's talks with Qantas to shed a 25% stake to the Australian national flag carrier, though progress continues, ANZ Chairman John Palmer said. "I must say that only when we have reached the point where we are convinced that we have identified the option that offers the optimum international positioning for ANZ, we will turn to the issue of equity raising," Palmer said. "Only when we have a viable development strategy to justify additional investment ...

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