Qatar Airways will officially divest its entire 9.6% stake in Cathay Pacific , ending its eight-year shareholding stint with the Hong Kong-based carrier. The Qatari airline will sell its shares back to Cathay in a deal worth almost $900 million.

Since completing its minority ownership back in 2017, Qatar has maintained a passive role at Cathay and is now cashing in to focus on other opportunities. Although benefiting from a 4% discount on market pricing, Cathay will be buying back the stake with a 35% premium on the price Qatar paid for its shares eight years ago.

Qatar Airways Sells Its Cathay Shares

Qatar Airways will sell its shares back to the Hong Kong airline in a buyback deal valued at $896 million, or $1.40 per share, following extended discussions between the two carr

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