Branson Races to Find Virgin Atlantic Investor In Rescue Attempt
Entrepreneur denies that an outright sale of the airline is on the cards...
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- Entrepreneur denies that an outright sale of the airline is on the cards
The Financial Times revealed last week that the airline had hired investment bank Houlihan Lokey to look at private funding options after the UK government rejected its initial submission for £500m of state aid, unimpressed by its failure to first seek investment elsewhere.
Houlihan has now approached more than 100 potential investors, with "all options on the table", according to one person familiar with the matter. This could include loans, equity or more complex financial structures, and could cut Sir Richard's majority stake.
But Virgin Group said it was...
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