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Cathay Pacific shares down 4.7 percent after Qatar Airways buys stake
November 6, 2017 / 1:56 AM / a month ago

Cathay Pacific shares down 4.7 percent after Qatar Airways buys stake

HONG KONG (Reuters) - Shares of Cathay Pacific Airways dropped as much as 4.7 percent on Monday morning after Middle Eastern carrier Qatar Airways bought 9.6 percent stake.

Hong Kong’s Kingboard Chemical Holdings on Monday said it had agreed to sell its 9.6 percent stake in Cathay Pacific Airways to Qatar Airways for HK$5.16 billion ($661 million).

Reporting by Clare Jim; Editing by Stephen Coates

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