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Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore,  pop over and join in the fun.

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Old 01-01-2015, 07:10 AM
Sammyboy RSS Feed Sammyboy RSS Feed is offline
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Thumbs up SIA lost so much on the Virgin Atlantic stake

An honorable member of the Coffee Shop Has Just Posted the Following:

On 20 December 1999 Richard Branson signed an agreement to sell a 49% stake of Virgin Atlantic to Singapore Airlines to form a unique global partnership. The cost of the transaction to Singapore Airlines was £600.25 million, which included a capital injection of £49 million and valued Virgin Atlantic at a minimum of £1.225billion.

Delta paid $360-million (U.S.) last year for 49 per cent of Virgin.

Exchange rate was USD1.6 in 1999, so SIA spent US$1.04 billion. The loss to SIA for this investment is US$678 million.


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