KONTAN.CO.ID - SYDNEY. Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, which will be whittled down over the next few days to a shortlist of around three, its administrators said. The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion). The administrators at Deloitte aim to agree a deal with a buyer by the end of June. Local media have reported private equity groups BGH Capital, Bain Capital and Brookfield are leading contenders to buy the business. A Bain spokesman confirmed the company intends to bid as part of the process. BGH and Brookfield did not immediately respond to requests for comment.
Virgin Australia expected to receive as many as 8 non-binding offers
KONTAN.CO.ID - SYDNEY. Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, which will be whittled down over the next few days to a shortlist of around three, its administrators said. The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion). The administrators at Deloitte aim to agree a deal with a buyer by the end of June. Local media have reported private equity groups BGH Capital, Bain Capital and Brookfield are leading contenders to buy the business. A Bain spokesman confirmed the company intends to bid as part of the process. BGH and Brookfield did not immediately respond to requests for comment.