7-Apr-2016 10:39 AM

Singapore Airlines to increase Virgin Australia stake to 23.1%

Singapore Airlines announced (06-Apr-2016) plans to increase its stake in Virgin Australia from 22.91% to 23.11% through a series of total return equity swaps for a total cash consideration of AUD3.18 million (USD2.42 million), funded through internal sources. Settlement of the swaps is expected on or about 08-Apr-2016. [more - original PR]

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