Virgin Australia board mulls taking the airline private
Virgin Australia's board has revealed it has been considering mopping up the minority shareholders on its register and making the airline a private company. The company's chair Elizabeth Bryan said Wednesday that the board had discussed privatising the company, but that there was "no outcome to report to the market at this stage". Etihad Airways, SIA, HNA Aviation Group and Nanshan each own about 20% of Virgin Australia, while Virgin Group owns another 10%. That leaves less than 10% of the company's shares traded freely on the stock market, which has led to speculation Virgin could buy back these remaining shares - worth about A$175m at the current share price - and take the company private. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-09/unaligned/virgin-australia-board-mulls-taking-the-airline-private
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Virgin Australia board mulls taking the airline private
Virgin Australia's board has revealed it has been considering mopping up the minority shareholders on its register and making the airline a private company. The company's chair Elizabeth Bryan said Wednesday that the board had discussed privatising the company, but that there was "no outcome to report to the market at this stage". Etihad Airways, SIA, HNA Aviation Group and Nanshan each own about 20% of Virgin Australia, while Virgin Group owns another 10%. That leaves less than 10% of the company's shares traded freely on the stock market, which has led to speculation Virgin could buy back these remaining shares - worth about A$175m at the current share price - and take the company private. <br/>
