Virgin bidders set to team up after talks

Original article by Patrick Durkin, Liam Walsh, Jonathan Shapiro
The Australian Financial Review – Page: 17 : 4-May-20

Virgin Australia’s administrators Deloitte stated on 30 April that 20 parties had expressed an interest in buying the failed airline. However, that number could fall to around a dozen or less, following recent talks between potential bidders about the possibility of joining forces. Private equity firm BGH is said to be in discussion with AustralianSuper about a possible deal, with Singapore’s state owned investment fund Temasek also said to be involved in their talks. Other potential bidders include US private equity fund Indigo Partners and mining magnate Andrew Forrest, with Forrest possibly teaming up with David Baxby, the former aide of Virgin Group founder Richard Branson, as Baxby and Forrest have close ties.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, DELOITTE TOUCHE TOHMATSU LIMITED, BGH CAPITAL PTY LTD, AUSTRALIANSUPER PTY LTD, INDIGO PARTNERS LLC, TEMASEK HOLDINGS (PTE) LTD, VIRGIN GROUP LIMITED

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