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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…

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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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