Singapore Airlines Increases ANZ Stake To 25 Percent
Singapore Airlines reached an agreement with Brierley Investments yesterday to acquire 16.7% of Air New Zealand for NZ$3 a share, or a total of NZ$285 million (US$141.2 million). The expected investment follows SIA's purchase of an 8.3% stake in ANZ earlier in the month. With 25% maximum holding of...
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