Oz Blog News Commentary

Virgin Australia sale a great outcome

September 29, 2020 - 14:40 -- Admin

Back in June, private equity fund Bain Capital was announced as the successful bidder to acquire Virgin Australia. A letter to Virgin creditors and employees from administrator Deloitte suggests that Bain Capital’s acquisition is on track for a 31 October completion: Creditors had on 4 September accepted a proposal that is structured around 10 deeds

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