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AIR NZ (ASX:AIZ) has the all-clear from the consumer watchdog to acquire an extra six per cent stake in Virgin Australia Holdings Limited (ASX:VAH).
The Australian Competition and Consumer Commission says it will not oppose the proposed acquisition as it would not be likely to result in a substantial lessening of competition.
The ACCC this week granted conditional authorisation for the two airlines to continue their trans-Tasman alliance.
It says Air New Zeland won’t have the ability to control or materially influence Virgin as a result of the share purchase.
Virgin booked a net loss of $98.1 million in fiscal 2013.
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Last
50.0¢ |
Change
-0.010(1.96%) |
Mkt cap ! $1.650B | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 51.0¢ | 50.0¢ | $281.0K | 556.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3789 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 36313 | 1 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| AIZ (ASX) Chart |
