Qatar Airways agrees to buy 9.61 stake in Cathay Pacific

Kingboard Holdings

06/11/2017 01:05

DUBAI/SINGAPORE, Nov 6 (Reuters) - Middle Eastern carrier 
Qatar Airways said on Monday it had agreed to buy a 9.61 percent 
stake in Cathay Pacific Airways  0293.HK . 
    Qatar Airways said in a statement it expected to close the  
transaction later on Monday in Hong Kong. 
    Earlier, Hong Kong's Kingboard Chemical Holdings  0148.HK  
said it had agreed to sell its 9.6 percent Cathay stake to Qatar 
Airways for HK$5.16 billion ($661 million).  urn:newsml:reuters.com:*:nL3N1NC05K 
 
 (Reporting by Alexander Cornwell and Jamie Freed; Editing by 
Stephen Coates) 
 ((Alexander.Cornwell@thomsonreuters.com;)) 
 
Keywords: QATAR AIRWAYS CATHAY PACIFIC/M&A