Business
Branson’s Virgin Group nabs 5pc stake in Virgin Australia – The Australian Financial Review
Richard Branson’ s Virgin Group has finalised its deal to become the second biggest shareholder in Bain Capital’s Virgin Australia.
Richard Branson’ s Virgin Group has finalised its deal to become the second biggest shareholder in Bain Capital’s Virgin Australia.
After months of discussions, Branson’s Virgin ended up with a 5 per cent equity stake in Virgin Australia, which is about half as much as it had under the former corporate structure.
Sir Richard Branson, founder of Virgin Group. Attila Csaczar
It is understood Virgin had been in talks to take more than 5 per cent, however Bain was keen to retain as much of the equity…
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