Branson set to float.RICHARD BRANSON'S Virgin Mobile have confirmed plans for a stock market flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. in a move thought to value the company at more than pounds 1billion. The market listing should be completed by the end of July July: see month. . It comes more than four years after the mobile phone arm of Virgin Group was set up. Employees with the company for more than a year stand to benefit as they will be offered free shares expected to be worth hundreds of pounds. Pundits expect just under half of the group's shares to be sold on the market. CAPTION(S): SHARES: Branson |
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