ETIHAD RAISES STAKE IN VIRGIN
Written on the 13 September 2013
ETIHAD has increased its stake in Virgin Australia to 13.4 per cent.
The announcement comes after Air New Zealand recently increased its voting power in Virgin from 19.9 per cent to 22.9 per cent after seeking permission from the Australian Competition & Consumer Commission to lift its stake to 25.9 per cent.
Etihad is now the third-largest shareholder after Air New Zealand and Singapore Airlines which holds 19.9 per cent.
The company increased its stake from its previous 12.34 per cent with a number of purchases worth a total of $11.78 million.