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Per RTRS: "U.S. private equity group Bain....>

AUSSIE
AUSSIE: Per RTRS: "U.S. private equity group Bain Capital has been selected as
the preferred bidder for Virgin Australia Holdings Ltd, the airline's
administrator said on Friday without disclosing the terms of the deal. Bain has
entered into a sale and implementation deed with administrator Deloitte subject
to minimal conditions, Deloitte said in a statement. Deloitte said at this stage
it was not possible to estimate the return to creditors and it did not expect
any return to shareholders. An update will be provided ahead of a creditor's
meeting in August, Deloitte said."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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