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Swire Pacific Limited


News and Blogs

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Cathay Pacific sells a stake in Haeco to Swire Pacific - General - FinanceAsia.com - The network

www.financeasia.com | Sep 16, 2009

FinanceAsia would like to thank Deutsche Bank, HSBC and Macquarie for contributing $18,656 to Grameen Foundation at the 2009 Achievement Awards gala dinner.

http://www.financeasia.com/article.aspx?CIaNID=112726

 

Cathay Pacific Airways to sell 12.45% stake in Hong Kong Aircraft Engineering to Swire Pacific -

Cathay Pacific Airways Limited has agreed to sell 20.7 million shares, representing a 12.45% stake, in Hong Kong Aircraft Engineering Company Limited (HAECO), a provider of aircraft repair and maintenance services, to Swire Pacific Limited at HKD91.83 ($11.85) per share for approximately HKD1,900.97 million ($245.29 million). All the companies are based in Hong Kong.

Cathay Pacific Airways is an airline company, while Swire Properties is a property developer.

Following the transaction, Cathay Pacific's interest in the issued share capital of HAECO will decrease from 27.45% to 15%, while Swire Pacific's stake will increase from 33.52% to 45.97%.

Deal Value (US$ Million) 245.29
Deal Type                Acquisition
Sub-Category             Minority Acquisition
Deal Status              Announced: 2009-09-16

Deal Participants

Target (Company)   Hong Kong Aircraft Engineering Company Limited
Acquirer (Company) Swire Pacific Limited
Vendor (Company)   Cathay Pacific Airways Limited

Deal Rationale

The transaction would enable Swire Pacific to make a significant increase in its strategic investment in HAECO. At the same time it affirms Swire Pacific's long-term commitment to Cathay Pacific and HAECO in particular, and to Hong Kong aviation in general. In addition, the sale would improve Cathay Pacific's cash position and provide funds that will strengthen its balance sheet.

% Acquisition 12.45%

Read more...

Tags: acquisition   aircraft   airline   aviation   engineering   hong kong   investment   property  

Companies: Cathay Pacific Airways, Ltd (CPCAY), Hong Kong Aircraft Engineering Co. Ltd. (HKAEY), Swire Pacific Ltd. (SWRAY), Swire Properties Ltd (SWPPY)

 

Web Sites

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swirepacific.com - Swire Pacific Limited

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Cathay Pacific - About Us : CX Background

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http://www.cathaypacific.com/cpa/en_INTL/aboutus/cxbackground/managementteam

MAN Diesel - PRESS->PRESS RELEASES->MARINE POWER->MEDIUM-SPEED

6 October 2005. MAN B&W Diesel has been awarded the contract to supply complete twin-screw medium speed propulsion packages for six Anchor Handling Tug Supply Vessels (AHTS).

http://www.manbwltd.com/article_005169.html

SWIRE PACIFIC LTD. - Analyst News | newratings.com

Copyright © 2002 - 2008 newratings.com GmbH | Legal | Licensing Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using StandardPoor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.

http://www.newratings.com/headlines/SWIRE-PACIFIC-LTD-_HK0019000162.html

Web Sites powered by Bing

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swirepacific.com - Swire Pacific Limited

www.swirepacific.com

Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and ...

http://www.swirepacific.com/eng/global/home.htm

Swire Pacific Limited (SWRAY) Company Profile - CorporateInformation ...

www.corporateinformation.com

Swire Pacific Limited. The Group's principal activities are carried out in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading and Industrial.

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=870794302

Swire Pacific Limited Company Profile - SWRAY HONG KONG Market Size ...

wrightreports.ecnext.com

Swire Pacific Limited. The Group's principal activities are carried out in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading and Industrial.

http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_870794302

Swire Pacific Limited: Information from Answers.com

www.answers.com

Swire Pacific Limited (Pink Sheets:SWRAY) Contact Information Swire Pacific Limited 35th Fl., 2 Pacific Place, 88 Queensway Hong Kong Tel

http://www.answers.com/topic/swire-pacific-limited