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29 Jun 2022 7:14
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  •   Home > News > Business

    The value of Air New Zealand shares is expected to fall as it tries to drum up 2.2 billion dollars

    The value of Air New Zealand shares is expected to fall as it tries to drum up 2.2 billion dollars


    Air New Zealand
    Air New Zealand
    As part of a major refinancing, the airline's trying to sell 1.2 billion dollars of heavily discounted extra shares to existing investors.

    Jarden analysts say it's an important step in improving the investment appeal of the company, but they retain their sell rating, meaning investors should sell shares.

    Andrew Steele and Nick Yeo have reduced their 12-month target share price for the company from 80 to 65 cents, reflecting the greater level of dilution for existing shareholders.

    © 2022 Newstalk ZB, NZCity

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