BA sells Qantas stake
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British Airways has sold its A$1.1 billion (431 million pounds) stake in Australia&#39;s Qantas Airways to Australian and international investors, helping push up Qantas shares by over 2 percent.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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US investment manager Capital Group Companies Inc has increased its stake in the nation&#39;s largest carrier, Qantas Airways, to 10.
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Australian flag carrier Qantas Airways said that British Airways had sold its 18.25 percent shareholding to a range of investors, as its shares surged on the news.
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Australian flag carrier Qantas Airways said it had rejected a multi-billion-dollar takeover bid from a private equity consortium.
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QANTAS Airways Ltd said today it has requested a trading halt be lifted immediately after British Airways completed the bookbuild process for the sale of its 18.
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SYDNEY, Australia -- Qantas Airways said Thursday it had accepted an $8.64 billion takeover offer from a private equity consortium including Australia's Macquarie Bank and the Texas Pacific Group _ one of the biggest corporate buyouts in Australian history.
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British Airways is selling off its 18.25 per cent stake in Australian flag carrier Qantas to repay off some of its huge debts and build up its cash war chest for new deals in Europe.
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Qantas Airways Ltd. ,  Australia's top airline, is expected to announce a takeover  offer of around A$10.9 billion (US$8.55 billion) from a  consortium led by Macquarie Bank Ltd.  this week,  possibly as early as Wednesday, sources said.
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Australia's Qantas Airways  has received a buyout offer from investment firms Macquarie Bank  and Texas Pacific Group that could be worth more than A$10 billion ($7.77 billion), sending its shares up 15 percent.
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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag-carrier over the next two days.
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Singapore Airlines will sell its 6.5 percent stake in Air New Zealand, the government-controlled New Zealand airline said Tuesday.
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British Airways completes the sale of the regional operations of subsidiary carrier BA Connect to Flybe.
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Australian-based media giant News Corp. is to buy out the last remaining minority shareholder of Sky Italia and assume full control of the satellite broadcaster.
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Australian airline Quantas receives a takeover approach from Macquarie bank and Texas International.
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Defence firm BAE is to sell its 20% stake in plane firm Airbus to EADS for Â£1.87bn.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .