Virgin tie-up delayed

The Australian Competition and Consumer Commission has delayed releasing its review of Air New Zealand's plan to increase its stake in Virgin Australia to as much as 26 per cent.

By InvestSMART · 1 Aug 2013

By InvestSMART ·
1 Aug 2013

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The Australian Competition and Consumer Commission has delayed releasing its review of Air New Zealand's plan to increase its stake in Virgin Australia to as much as 26 per cent. It comes as a substantial shareholder notice confirmed that Etihad had increased its stake from 9.5 per cent to 10.5 per cent. Etihad wants to raise its holdings to 20 per cent.

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Frequently Asked Questions about this Article…

What did the ACCC do about Air New Zealand's proposed stake in Virgin Australia?

The Australian Competition and Consumer Commission (ACCC) has delayed releasing its review of Air New Zealand’s plan to increase its stake in Virgin Australia to as much as 26%.

How much of Virgin Australia is Air New Zealand planning to buy?

According to the article, Air New Zealand plans to increase its stake in Virgin Australia to as much as 26%.

What change did Etihad report in its Virgin Australia shareholding?

A substantial shareholder notice confirmed Etihad increased its stake in Virgin Australia from 9.5% to 10.5%.

Does Etihad plan to buy more shares in Virgin Australia?

Yes. The article says Etihad wants to raise its holdings in Virgin Australia to 20%.

Which companies and regulator are mentioned in the article about Virgin Australia's ownership?

The article mentions Air New Zealand, Virgin Australia, Etihad and the regulator, the Australian Competition and Consumer Commission (ACCC).

Has the ACCC reached a final decision on Air New Zealand’s proposed stake increase?

No. The article reports that the ACCC has delayed releasing its review, so no final decision was published in the piece.

How was the increase in Etihad’s stake confirmed?

The increase was confirmed by a substantial shareholder notice, which reported Etihad’s stake rising from 9.5% to 10.5%.

What are the key facts investors should know from this article about Virgin Australia shareholding?

Key facts in the article: the ACCC has delayed releasing its review of Air New Zealand’s plan to increase its stake to as much as 26%; Etihad has increased its stake from 9.5% to 10.5% and wants to raise holdings to 20%.