{"id":622451,"date":"2023-12-14T10:11:14","date_gmt":"2023-12-14T04:41:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622451"},"modified":"2023-12-14T11:48:01","modified_gmt":"2023-12-14T06:18:01","slug":"fairfax-india-buys-additional-7-stake-in-bengaluru-airport","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fairfax-india-buys-additional-7-stake-in-bengaluru-airport\/","title":{"rendered":"Fairfax India buys additional 7% stake in Bengaluru airport"},"content":{"rendered":"<p>Fairfax India Holdings has announced the acquisition of an additional 7% equity interest in Bangalore International Airport (BIAL) from Siemens Project Ventures GmbH, part of Siemens Financial Services, for $175 million.<\/p>\n<p>As previously announced, in the initial transaction, Fairfax India had acquired an additional 3% equity interest in BIAL from Siemens Financial Services through its wholly-owned subsidiary for a consideration of $75 million.<\/p>\n<p>Following the completion of the second closing, Fairfax India\u2019s aggregate share ownership in Bangalore International Airport has increased to 64% (20.4% held by its wholly-owned subsidiary and 43.6% held by its indirect subsidiary, Anchorage Infrastructure Investments Holdings) from 54% last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fairfax India Holdings has announced the acquisition of an additional 7% equity interest in Bangalore International Airport (BIAL) from Siemens Project Ventures GmbH, part of Siemens Financial Services, for $175 million. As previously announced, in the initial transaction, Fairfax India had acquired an additional 3% equity interest in BIAL from Siemens Financial Services through its wholly-owned subsidiary for a consideration of $75 million. Following the completion of the second closing, Fairfax India\u2019s aggregate share ownership in Bangalore International Airport has increased to 64% (20.4% held by its wholly-owned subsidiary and 43.6% held by its indirect subsidiary, Anchorage Infrastructure Investments Holdings) [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-622451","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=622451"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622451\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}