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November 10, 2009

Zürich Sells Stake in Bangalore Airport

Zürich Airport has sold its 12% stake in Bangalore International Airport in India for $98.5 million to GVK Power & Infrastructure (GVKPIL). The strategic agreement was intended to strengthen its ties as well as airport activities in South Asia. Zürich Airport will, however, re

By cms admin

Zürich Airport has sold its 12% stake in Bangalore International Airport in India for $98.5 million to GVK Power & Infrastructure (GVKPIL).

The strategic agreement was intended to strengthen its ties as well as airport activities in South Asia.

Zürich Airport will, however, retain a 5% stake in the airport, which includes board representation.

Bangalore airport is currently planning an expansion involving an additional terminal and a second runway.

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