Originally Posted by fmgc
The VS situation was not comparable to this one as RB owned most of the shares and so could control sales of them. BA is a PLC so anybody could buy them if able to persuade the shareholders to sell them.
... as long as the sale Act doesn't stipulate a cap on foreign ownership (a la Qantas). Not sure what the Act governing the BA privatisation would've said.
There may also be issues with respect to rights but these are not insurmountable and would simply make some creative lawyer a tad richer.