Business
Branson, Bain at loggerheads over Virgin stake as QLD seals investment – Sydney Morning Herald
Richard Branson’s Virgin Group and Bain Capital are at loggerheads over how much of an ownership stake in Virgin Australia the private equity firm is willing to…
The Australian Financial Review first reported on Monday that Virgin Group was set to emerge with 5 per cent of the company. The Age and Sydney Morning Herald has confirmed that while Bain has offered Virgin Group 5 per cent, Mr Branson’s investment vehicle is pushing for a more significant stake and has offered up to $100 million to retain a tenth of the airline.
The Virgin Group has the leverage of the iconic Virgin brand, for which Virgin Australia was paying it an annual licence fee of abou…
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