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CITIC to sell its shares in Cathay Pacific
Hong Kong, China - They will be purchased by Air China and Swire
CITIC Pacific announced today its intention to sell 14.5% of its shares in the airline Cathay Pacific within a deal worth about US$1 billion. Air China is going to purchase 12.5% of the Hong Kong carrier, while 2% will be bought by the Swire Pacific consortium, parent company of the airline. In this way Air China is going to control 29,99% of Cathay Pacific, right below the 30% that would force...
AVIONEWS - World Aeronautical Press Agency - 1108280
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency