Virgin Australia bidders shortlisted – 9Finance

Virgin Australia bidders shortlisted – 9Finance

Virgin Australia’s administrators say they have shortlisted a small number of parties from the non-binding indicative offers received by last Friday. The administrators from Deloitte have not named the parties but say they are being invited into the next stage...
Virgin Australia bidders shortlisted – 9Finance

Virgin Australia expected to get 8 offers

Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers, which will be whittled down over the next few days to a shortlist of around three, its administrators said. The country’s second-biggest...
Virgin Australia bidders shortlisted – 9Finance

Virgin Australia bids due on Friday

Virgin Australia’s administrators at Deloitte will have a better sense of which parties are interested in buying the beleaguered airline, when non-binding indicative offers are made on Friday. Nineteen parties interested in buying the airline, which entered...
Virgin Australia bidders shortlisted – 9Finance

Caltex Australia officially renamed Ampol

A legendary Australian brand is back in business. More than 99 per cent of shareholders at Caltex Australia’s annual general meeting on Thursday approved renaming the company Ampol, the name of one of its predecessor companies that operated for decades in...
Virgin Australia bidders shortlisted – 9Finance

S&P downgrades Virgin Australia to CC

S&P Global Ratings has lowered its credit rating on Virgin Australia to CC from CCC, saying it expects the company’s unsecured debt providers will be forced to accept less value than they are owed as part of the company’s debt restructuring process....