ANA Holdings officially becomes strategic shareholder of Vietnam Airlines

ANA Holdings completed (04-Jul-2016) the purchase of an 8.771% stake in Vietnam Airlines, becoming a strategic shareholder in the carrier. Vietnam Airlines is expected to hold an extraordinary meeting of shareholders earlier than 30-Sep-2016 in order to elect ANA Holdings to the board, amend its statute of the corporation and adopt a plan to increase charter capital by issuing additional shares offered to its existing shareholders. After completing the share transaction to ANA, Vietnam Airlines will continue to look for potential financial investors to issue additional shares in order to increase its charter capital and reduce the Vietnam Government's share to 75%, with a further reduction to 65% under the company's re-structure plan. [more - original PR]