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Old 13th May 2020, 09:19
  #472 (permalink)  
Andy D
 
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Originally Posted by Jet II
You are correct - the original story in the FT said he was going to sell $1Bn of shares but n the event it turned out to be only $500m.
He only got $400m of that, which is a fair chunk of money in normal times, not so sure about now!

"Virgin Investments owns 80.7 per cent of Vieco 10, the vehicle selling the stake, with the remainder held by Aabar, the Abu Dhabi investment fund, so a successful placing of the shares could raise more than $400m for Sir Richard’s other businesses"

https://www.ft.com/content/2b6d204e-...6-ca694e1a3b27

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