Reuters reports that Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, citing a report from the Australian Financial Review (AFR).
It notes that U.S. private equity firm Bain Capital had aimed for an A$1 billion ($665.5 million) listing of Virgin on the Australian Securities Exchange but the plan has been delayed,
The AFR reported that government-owned Qatar Airways could announce its plans regarding the stake buy as early as next week.
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