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The Independent UK
The Independent UK
National
Jon Gambrell

Qatar Airways to sell its holdings in Hong Kong's Cathay Pacific for $896 million

Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier's eight-year involvement with the airline.

The announcement came late Wednesday in a stock market filing by Cathay Pacific, which saw its shares gain 4.2% on the Hong Kong Stock Exchange on Thursday.

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