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Qantas confirms sale of Air New Zealand stake

Thursday, 28 June 20073 min read

Qantas has agreed to sell its 4.2% stake in Air New Zealand, resulting in a sale price of NZ$2.70 per share.

The Australian carrier acquired the shares in 2002 at an effective price of NZ$2.225 per share in association with its proposed Tasman Networks Agreement with Air New Zealand, which did not receive regulatory approval.