Singapore Airlines has increased its stake in Virgin Australia to 19.9 per cent to become the single largest shareholder.
Singapore Airlines paid about $122 million, or $0.48 per share, for 255 million shares in an off-market agreement on 23 April, according to an announcement to the securities exchange. Virgin Australia shares last traded at $0.45 per share.
Singapore Airlines purchased the shares from directly from Richard Branson's Virgin Group, based in Europe. Full story
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