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Mergers & Acquisitions | 11 December 2012

Etihad Airways To Buy Stake In Kingfisher

by Ahemad Shaikh
 
@ahemad

Etihad Airways may acquire 48% stake in @Kingfisher_Airlines for around R3000 Cr, according to Mint.

Abu Dhabi-based Etihad will initially buy a 30% holding in December and a further 18% by next August.

Recently, Etihad was planning to acquire 24% stake in Jet Airways.

Mallya has been seeking a buyer from abroad to save his airline from collapse since the government in September allowed foreign airlines to purchase stakes of up to 49% in domestic carriers.

The debt-ridden airline, named after Mallya's biggest beer brand, has been struggling to survive, owing billions of dollars in taxes and payments to suppliers, lenders and employees.

Bartronics Acquires Controlling Stake In American Firm Systems America

Bartronics Asia Pte. Ltd., a wholly owned subsidiary of Bartronics India Limited, has acquired 51% stake in Systems America Inc.

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Matrix Partners Part Exits Muthoot Finance

Matrix Partners India LLC has sold a major part of its investment in gold loan company Muthoot Finance Limited for a consideration of INR 836.9 Mn in the open market. The firm sold 4.85 Mn shares amounting to 1.22% stake in the company at a unit price of INR 172.53. Also Government of Singapore picked up 0.87% stake for INR 603.5 Mn.

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