Private Equity Firm Gives Up Its Pursuit of Qantas ; in Association with Rensburg Sheppards

Daily PostMay 09, 2007

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THE dramatic takeover attempt for iconic Australian airline Qantas collapsed yesterday after the private equity firm bidding for the group admitted defeat.

Airline Partners Australia (APA) said it would not pursue a legal loophole that may have allowed it to revive the deal in order to avoid a drawn-out legal battle.

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Private Equity Firm Gives Up Its Pursuit of Qantas ; in Association with Rensburg Sheppards

APA, which bid 10.8bn Australian dollars (po...

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