Etihad Airways stake in Virgin Australia rises to 21.24 per cent | The National

Etihad Airways stake in Virgin Australia rises to 21.24 per cent | The National:



"Etihad Airways has increased its holdings in Virgin Australia, with the deal boosting its stake in the carrier above 20 per cent, according to a bourse statement.



In a filing to the Australian Securities Exchange (ASX), Virgin Australia stated that the voting power of Etihad has increased to 21.24 per cent from 19.9 per cent.



Etihad has been waiting for regulatory approval to increase the holding after an offer of new shares last year was not fully subscribed by retail investors."



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