Eithad start buying stake in VAH

[docjames]

Announcement to ASX this morning, EY have moved to take stake in Viring Aus.

3.96% bought on market over previous few weeks.

More at

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01303120

 

[markis10]

EY confirms VA part purchase!

3.96% of VAH built up over the past week on market.

http://www.asx.com.au/asxpdf/20120605/pdf/426nmgbml779qw.pdf

 

[muppet]

I would have liked a bit more than 4% - come on Etihad, compete with AirNZ.

 

[docjames]

I personally think the announcement of 3.9% will likely just be the start.

ISTR the ASX listing rules were you only had to announce a holding of 5%+ so they must have taken a strategic decision to announce less than this required minimum.