Business Services Industry
Branson hell-bent on Virgin Blue.
Australasian Business Intelligence, December, 2005
Byline: Scott Rochfort
Dec 08, 2005 (The Sydney Morning Herald - ABIX via COMTEX) -- British entrepreneur Sir Richard Branson is visiting Australia to mark the first anniversary of Virgin Atlantic flights to Australia. Sir Richard is confident that Toll Holdings' $A4.6bn takeover bid for Patrick Corporation will succeed. Patrick owns 62.4 per cent of Virgin Blue, and Sir Richard's Virgin Group will increase its stake in Virgin Blue if the Toll bid
succeeds. He has indicated that if the bid fails, Virgin Group could seek to regain control of the Australian airline in partnership with another group. Sir Richard has also outlined plans for Virgin Blue to commence international...
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