Virgin group is reportedly eyeing the $967.1 million-$1.16 billion auction for the holiday package business of First Choice Holidays. (1/15/2007)
The development has emerged according to a report by the Daily Telegraph.
“We are looking at it,” a Vodafone spokesman was quoted as saying. Virgin Holidays, an arm of Virgin Atlantic, had clubbed together with a private equity firm, the newspaper said.
Tour operator First Choice Holidays has been in discussion with a number of parties over the sale of its package holiday operation. The company has more than 300 High Street branches.
