June 26 (Reuters) - Virgin Australia Holdings Administrators:
- ASX ALERT-VAH (ADMINISTRATORS APPOINTED)- SALE AND IMPLEMENTATION DEED-VAH.AX
- CONFIRM THEY HAVE NOW ENTERED INTO A SALE AND IMPLEMENTATION DEED WITH BAIN CAPITAL
- NO RETURN TO SHAREHOLDERS IS ANTICIPATED
- AT THIS STAGE, NOT POSSIBLE TO DETERMINE ESTIMATED RETURN TO CREDITORS
- SALE AND IMPLEMENTATION DEED SUBJECT TO MINIMAL CONDITIONS PRECEDENT SUCH AS REGULATORY APPROVALS
- APPROVAL BY AUSTRALIAN TREASURER ALREADY BEEN RECEIVED BY BAIN CAPITAL
Source text https://reut.rs/388Ilij
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