The Voluntary Administrators of Virgin Australia Holdings Limited (ASX:VAH), John Greig, Sal Algeri, Richard Hughes and Vaughan Strawbridge have received binding proposals from each of Bain Capital and Cyrus Capital Partners LP on 22 June. They also received many proposals from other interested parties this week along with the proposal from the reps of an Ad Hoc group of bondholders of VAH.
Based on these bids, the Voluntary Administrators have entered into a Sale and Implementation Deed with Bain Capital for the sale & recapitalisation of the businesses of VAH & its subsidiaries.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.