Financial Times FT.com

Macquarie walks away from Qantas

By Financial Times reporters

Published: May 8 2007 11:45 | Last updated: May 17 2007 01:40

Macquarie Bank and its private equity partners that made a failed A$11bn ($9bn) bid for Australia’s Qantas said on Thursday it would not launch a fresh offer for the airline.

Qantas shares fell 1.3 per cent in early trading.

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