GMR Airports Monday said it has bought out German airport operator Fraport’s 10% stake in Delhi airport for $126 million (about ₹1,058 crore). GMR operates Delhi, Hyderabad and Goa airports. Fraport is the owner...
For JSW Infrastructure, acquisitions and expansion are the key growth drivers
Shares of JSW Infrastructure Ltd dropped about 6% in early trade on Friday, even as the company reported a solid 24% year-on-year Ebitda growth. Investors appear worried about the decline in net profit primarily due to...
Metro Pacific and GIC to take $1 bln stake in Indonesian toll-road operator
Metro Pacific Tollways Corp (MPTC) and Singapore sovereign wealth fund GIC will take up a stake worth $1 billion in a unit of Indonesian toll-road operator PT Jasa Marga as Asia Pacific sees growing investor interest in...
JSW Infrastructure announces acquisition of 70.37% stake in Navkar
JSW Infrastructure announced that the company through its wholly owned subsidiary, JSW Port Logistics has agreed to acquire 70.37% shareholding held by Promoters and Promoter Group in Navkar Corporation (Navkar)...
Ardian, Saudi’s PIF to buy 37.6% stake in Heathrow, Ferrovial keeps 5%
Infrastructure giant Ferrovial said on Friday it had reached a new agreement with French private equity fund Ardian and Saudi Arabia’s Public Investment Fund (PIF) to sell the bulk of its 25% stake in Heathrow...
Edelweiss Alternatives’ Fund acquires L&T IDPL
Edelweiss Alternatives’ Infrastructure Yield Plus acquired L&T Infrastructure Development Projects (L&TIDPL), which includes seven operational roads and one power transmission asset in India. Larsen &...
IKAV, VTTI buy majority stake in Italy’s biggest LNG terminal
Dutch infrastructure group VTTI and German asset manager IKAV have teamed up to buy a majority stake in Italy’s biggest liquefied natural gas terminal, VTTI said on Wednesday. Under the deal, ExxonMobil will sell...
Ferrovial subsidiary Cintra to acquire 24% stake in IRB Infra Trust from GIC
Transport infrastructure developer Cintra, a subsidiary of Spanish infra group Ferrovial, will acquire a 24% stake in IRB Infra Trust from GIC affiliates, IRB Infra said in a statement on Thursday. Cintra has entered...
Salasar Techno Engineering board approves Hill View Infrabuild merger with itself
EPC company Salasar Techno Engineering Ltd (STEL) on Saturday said its board has a proposal to merge Hill View Infrabuild Ltd with itself. A decision in this regard was taken at a board meeting of the company on...
Fairfax India acquires additional 7% stake in Bengaluru airport
Fairfax India Holdings Corp., led by Canadian billionaire Prem Watsa, has acquired an additional 7% share in Bangalore International Airport Ltd from Siemens Project Ventures GmbH, a division of Siemens Financial...
GQG Partners bets Rs 1,672 crore on GMR Airports, acquires 4.7% stake
Upping its bet on India’s infrastructure story, GQG Partners bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought...
Ferrovial to sell its 25% stake in London’s Heathrow for $3 billion
Infrastructure giant Ferrovial has reached an agreement with two different buyers to sell its entire 25% stake in Britain’s busiest airport, Heathrow, for 2.37 billion pounds ($3.01 billion) the company said in a...
