Etihad gets approval and ANA sets price in offering

Etihad has received approval from the Australian federal government to boost its stake in Virgin Australia to 10%. This comes despite hard lobbying from Qantas against the move. Etihad said in a statement today that it had won approval from the Foreign Investment Review Board to raise its holdings in Virgin from 5% to a maximum of 10%. Shares in Virgin rose 1.25 cents to 39.25 cents immediately after Etihad confirmed that it had won approval. Qantas shares were up about 0.5% to just under 106 cents. Etihad said in a statement that the equity stake in Virgin would lead