PE Fund Investments

Fairfax India acquires additional 7% stake in Bengaluru airport for $175-M

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Fairfax India Holdings Corp. has acquired an additional 7% share in Bangalore International Airport Ltd from Siemens Project Ventures GmbH, a division of Siemens Financial Services. The deal, valued at USD 175 million, adds to Fairfax's substantial stake in the airport. This acquisition follows Fairfax's previous purchase of a 3% equity stake in the airport from Siemens Financial for USD 75 million. With this latest transaction, Fairfax's total ownership in the airport has risen to 64%. This includes a 20.4% stake held by a wholly-owned subsidiary and 43.6% by Anchorage Infrastructure Investments Holdings Ltd, an indirect subsidiary.

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