British billionaire Richard Branson has sold another $ 300 million stake in his company Virgin Galactic Holdings, according to a report filed by the company with the US Securities and Exchange Commission (SEC). A total of 15.6 million shares were sold, which is 6% of all shares of the holding. At the same time, Richard Branson remains the largest shareholder of Virgin Galactic with a share worth about $ 600 million.
In August of this year, the businessman has already sold the same block of shares in the company, and in March – shares for $ 150 million. Since the beginning of the pandemic, the businessman has sold shares for more than $ 1 billion. According to Bloomberg, the proceeds from the sale should go to support that part of the company’s business , which is engaged in tourism and recreation and which was particularly affected by the pandemic. Virgin Galactic shares are down 20% since the beginning of the year.
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