13 December 2006
The Airline Partners Australia consortium notes the announcement issued by Qantas today. The consortium comprises Allco Finance Group (11%), Allco Equity Partners (c.34%), Macquarie Bank (less than 15%). Offshore investors in total hold less than 40% with no single investor holding more than 15%. Offshore investors include Texas Pacific Group and Onex.*
The consortium is majority Australian owned.
The consortium confirms it has put a proposal to Qantas for an all cash takeover offer at $5.50 per share for 100% of the company.
The consortium is considering its response to Qantas’ announcement and will keep the market informed of any material developments.
* Voting interests.