Question mark over whether Air NZ's sale of Virgin shares will spark special dividend

Fri, 10 Jun 2016

By Fiona Rotherham June 10 (BusinessDesk) - There are mixed views on whether Air New Zealand is likely to pay shareholders a special dividend following the sale of a 19.98 percent stake in Virgin Australia to Chinese conglomerate Nanshan Group for about A$268 million. The deal announced to the New Zealand Stock Exchange this morning has seen the airline’s share price rise 3.7 percent to $2.25 in today’s trading. The Auckland-based carrier said it will sell the stake in Virgin, Australia’s second-largest domestic airline, at 33 Australi...

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