Singapore, BGH lead Virgin race

Original article by Glenda Korporaal, Damon Kitney
The Australian – Page: 13 & 17 : 15-May-20

Deloitte’s Vaughan Strawbridge is expected to receive four serious non-binding indicative bids for Virgin Australia on 15 May. They are tipped to include a consortium that is headed by AustralianSuper and private equity firm BGH. Singapore’s Temasek will not be a member of the consortium, although it would gain indirect exposure to Virgin via its investment in BGH’s $2.5bn equity fund. Queensland government-owned QIC has ruled out making an indicative bid on 15 May, although it might join a consortium in the second round of the bidding process.

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

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