The market likes this sale to Nanshan.
Both VAH and AIZ up 5% at the moment.
HNA wanted to buy up to 19.9% of VAH.
The Virgin stake in VAH was diluted to 8.7% by the sale to HNA.
I expect that both HNA and Virgin will bidding for the 2.5% holding that AIZ still owns after the Nanshan deal.
News: VAH Air New Zealand agrees to sell 19.98 pct stake in Virgin Australia to Nanshan Grp, page-4
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