Business Services Industry
Branson ready for life after Patrick.
Australasian Business Intelligence, December, 2005
Dec 08, 2005 (The Age - ABIX via COMTEX) -- British entrepreneur Sir Richard Branson has visited Australia, the site of a takeover
battle that will affect one of his investments. He owns a 25 stake in airline Virgin Blue, and would be looking to expand this if the majority holder of 62.4, Patrick Corporation, is acquired by logistics group Toll Holdings. Sir Richard could end up with 40 ownership of Virgin, and the company would start long-haul flights, most likely in collaboration with Virgin Atlantic. He predicts that Toll will manage to succeed in its move on Patrick, despite regulatory
concerns. He has also reiterated criticism of Patrick CEO Chris Corrigan for not using...
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