Etihad ups stake

Etihad is believed to have boosted its stake in Virgin Australia by a further 1.4 per cent, closing in on its goal of gaining 19.9 per cent of the share register. The Middle Eastern airline is said to be the buyer of a block of almost 37 million Virgin shares on Monday for $14.5 million. Before the latest purchase, Etihad had a stake of 10.55 per cent.

Etihad is believed to have boosted its stake in Virgin Australia by a further 1.4 per cent, closing in on its goal of gaining 19.9 per cent of the share register. The Middle Eastern airline is said to be the buyer of a block of almost 37 million Virgin shares on Monday for $14.5 million. Before the latest purchase, Etihad had a stake of 10.55 per cent.

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