PPRuNe Forums - View Single Post - Singapore buys another 10% of Virgin
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Old 26th Apr 2013, 02:39
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DrPepz
 
Join Date: May 2007
Location: Singapore
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Branson does very well out of SIA.

In 1999, Branson sold 49% of Virgin Atlantic to SIA for SGD1.8 bil. In 2012, SIA sold its stake for SGD446 mil - writedown of 75%. In 2000, Branson started Virgin Australia for A$30 mil. In 2013, SIA buys part of Branson's stake of Virgin Australia valuing his stake at A$250 mil.

Anyhow, quite a few interesting articles on this. Eg

Cookies must be enabled. | The Australian

How this transaction would unnerve Etihad

Virgin deal a headache for Borghetti, and for Qantas

Now for the Borghetti juggling act

Borghetti's juggling act dealing with NZ, EY and SQ as shareholders

I still think QF is getting more out of EK for free, than SQ is getting out of VA for however much it is they paid for them altogether ($250 mil?)
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