Australia's Patrick/Buys Jet Care
Australia's Patrick/Buys Jet Care -2: No Price Details
SYDNEY (Dow Jones)--Australian transport company Patrick Corp. said Thursday it has acquired privately held Jet Care Pty. Ltd. for an undisclosed price.
Jet Care does fleet maintenance work for Australia's second-biggest airline Virgin Blue, which is jointly owned by Patrick and U.K.-based businessman Richard Branson.
Patrick said in a brief statement to the Australian Stock Exchange after the close of trade that the purchase wasn't "a material transaction."
Patrick shares closed up 31 cents, or 2.3%, at A$14.11, while the broader market ended 0.3% lower.
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