 |
 |
 |
 |
 |
|
Qatar Airways to sell all of its Cathay Pacific stake Hong Kong, Nov 6 (AFP) Nov 06, 2025 Cathay Pacific has said it plans to buy back all of its shares owned by Doha-headquartered Qatar Airways worth HK$6.96 billion (US$896 million), ending the two carriers' eight-year shareholding relationship. The airline's stake in Hong Kong bounced more than 4.0 percent at HK$11.7 each on Thursday, a day after the exit was announced. "The buyback reflects our strong confidence in the future of the Cathay Group and underscores our commitment to the development of the Hong Kong international aviation hub," Cathay Group Chair Patrick Healy said in a statement on Wednesday. Qatar Airways' shareholding in Cathay represents about 9.6 percent of the total issued shares of the Hong Kong carrier, the statement added. Qatar Airways Group CEO Badr Mohammed Al-Meer said the agreement "reflects Qatar Airways Group's disciplined approach to portfolio management and our commitment to delivering sustainable value for our shareholders". The public float of the company will be reduced to around 20.5 percent of the issued shares after the buyback, Cathay said in a filing to the Hong Kong stock exchange. twa/je/dan |
|
|
|
All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
|
