Virgin Australia is set to gain its second Chinese shareholder in the space of a month, with privately held Nanshan Group agreeing to take a stake of 19.9 per cent in Australia’s second-biggest airline.
Air New Zealand said on Friday it had agreed to sell the stake to the diversified Chinese conglomerate at A$0.33 per share, which represents an 18 per cent premium to the stock’s last close.
The Kiwi flag carrier said it would consider options regarding its remaining 6 per cent holding in Virgin in due course.
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