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Branson mulls float for Virgin Active
SIR Richard Branson is believed to be considering plans to float his Virgin Active gyms in a £1 billion stock market launch.
The Virgin entrepreneur is understood to be talking to potential advisers over a possible listing for the group.
Branson owns 75 per cent of the group, which has 187 health clubs in the UK, South Africa, Italy and Spain.
Virgin Active was founded in 1999 and bought former health chain Holmes Place in 2006 from former private equity owners Permira and Bridgepoint. The buy-out firms now hold a minority stake in Virgin Active.
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Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North
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Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
