Companies

Dec 12, 2013

Foreign airlines snaffle an extra 3.88% of Virgin for $51.6m

Is foreign investment the evil it is made out to be? You'd be surprised at how many companies rely on it for capital raising.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

Richard Branson

Three foreign governments will control an additional 3.88% of Virgin Australia after the $69.12 million capital raising offer to the company’s 43,000 retail shareholders fell badly short.

1 comments

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One thought on “Foreign airlines snaffle an extra 3.88% of Virgin for $51.6m

  1. stephen Matthews

    what Stephen are you saying that Virgin ” favourably treated airline under-writers”!?!
    But isn’t that the absolute right of the directors ?
    whom I presume viewed the participation of the (airline) underwriters as in the best interests of the company . they are not there to serve the interest of the ( individual) shareholders. Do you really think that those 11 Virgin shares were worth 38 cents ?

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