Qatar Airways to Exit Cathay Pacific Stake After Eight Years
Qatar Airways is set to divest its entire shareholding in Cathay Pacific, bringing an end to an eight-year investment in Hong Kong’s flagship airline. The Qatari carrier will sell its 9.6% stake back to Cathay for approximately $896 million, according to a statement filed on Wednesday. The transaction, priced at $1.40 per share, is still…