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SIA increases stake in Virgin Australia to 22.17% for A$30.4m

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Published Fri, Mar 28, 2014 · 10:00 PM

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Singapore

SINGAPORE Airlines has raised its stake in Virgin Australia Holdings Ltd (VAH) to 22.17 per cent - from 19.83 per cent - for a total consideration of A$30.4 million (S$35.5 million).

The acquisition makes SIA VAH's second largest shareholder after Air New Zealand, and ahead of Etihad Airways.

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