Qatar Airways buys small stake in Cathay Pacific

DUBAI, 6 Nov 2017:

Middle Eastern carrier Qatar Airways today said it had agreed to buy a 9.61% stake in Cathay Pacific Airway.

Qatar Airways said in a statement it expected to close the transaction later today in Hong Kong.

Earlier, Hong Kong’s Kingboard Chemical Holdings said it had agreed to sell its 9.6% Cathay stake to Qatar Airways for HK$5.16 billion.

– Reuters

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