Qatar Airways announces its acquisition of 5.00% of China Southern Airlines
Qatar Airways will hold approximately 5.00% of the total issued share capital of China Southern Airlines.
Qatar Airways Group Q.C.S.C. announced that as part of its strategy to invest in the strongest airlines around the world and continue enhancing operations and network connectivity, on 28 December 2018, it has completed an on-market purchase of certain A shares and H shares of China Southern Airlines Company Limited, resulting in our aggregate holding of approximately 5.00% of the total issued share capital of China Southern Airlines.
Qatar Airways’ Chairman His Excellency Mr Ali Shareef Al Emadi said, "Qatar Airways regards our shareholding in China Southern Airlines as an important part of our strategic investment in the largest airline in one of the world’s fastest growing aviation markets.”
This investment further supports Qatar Airways' investment strategy which already includes its 20% investment in International Airlines Group, its 10% investment in LATAM Airlines Group, its 49% investment in Air Italy and its 9.99% investment in Cathay Pacific.
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