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Credit Suisse reveals stake in buyout target Qantas

Thursday, 29 March 20073 min read

Swiss bank Credit Suisse has revealed it has acquired a 5.9% in Qantas, which is currently the target of a US private equity consortium buyout bid.

The bank’s announcement follows Deutsche Bank’s disclosure that it had an 8.4% stake in the company and a statement from UBS that it had increased its stake from 8.94% to 10.4%.

Report by The Mole