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Virgin Australia's administrator to shortlist two bidders early next week
by ReutersSYDNEY (Reuters) - The administrator of Virgin Australia Holdings Ltd (AX:VAH) said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.
Brookfield, which pulled out of the first bidding round and was not on the initial shortlist of four, submitted a proposal on Friday, a source with knowledge of the matter said on condition of anonymity.
Brookfield declined immediate comment.