MUMBAI: Prem Watsa-controlled Fairfax Financial Holdings and Singapore’s Changi Airports International are in talks with GMR Group to invest around Rs 3,200 crore to pick up a 30% stake in the latter’s airport business as the Indian infrastructure developer plans to cut debt and consolidate operations. Global buyout funds KKR & Co and Apollo Global Management are also in the fray to invest in the airport business, multiple sources told ET. GMR has mandated Credit Suisse .. Read more at: http://economictimes.indiatimes.com/articleshow/50069781.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesFairfax Holdings, Changi in talks with GMR to invest Rs 3,200 crore for 30% stake in airport biz
Industry: 2015-12-07
