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