Qantas talking with Macquarie Bank, Texas Pacific Group about takeover
Australia’s largest airline, Qantas Airways, said today it has received a takeover approach from compatriot Macquarie Bank Ltd. and Texas Pacific Group on behalf of an unnamed consortium.
Following the announcement Qantas shares gained 15 percent, valuing the airline at A$9.9 billion ($7.6 billion).
If a proposal is made, that proposal would adhere to existing rules governing the ownership of Qantas, in particular there will be continuing majority Australian ownership, Sydney-based Macquarie said in a statement.
This development comes a week after US Airways made a hostile $8 billion offer for bankrupt Delta Airlines.
Qantas talking with Macquarie Bank, Texas Pacific Group about takeover
