PPRuNe Forums - View Single Post - Things don't look too Rosy for VA
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Old 31st Aug 2018, 03:11
  #57 (permalink)  
RodH
 
Join Date: Aug 2007
Location: Australia
Age: 82
Posts: 259
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Maybe some" Cavalry " could arrive just in the nick of time to save the day!!!

This is part of a story from an online article .

" Singapore Airlines is believed to be eyeing an increased stake in Virgin Australia, above its current 20%, through a bid for the 19.8% shareholding of China's HNA Group.

Nanshan Capital, which also controls about a fifth of Virgin Australia’s shares, is also said to be interested in HNA's stake as the Chinese conglomerate offloads non-core assets to reduce debt, according to people familiar with the matter.

HNA's stake could attract bids from existing shareholders in the company as well as other airlines and investment funds if HNA decides to pursue a sale, the people said, asking not to be identified because the deliberations are private."
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