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Construction : Transport Update | January 2016 | Source : CW-India

FIVE COMPANIES VIE FOR GVK AIRPORT’S Rs.4,000 CR STAKE

GVK Airport Services, which operates Mumbai and Bangalore international airports, has short-listed five bidders to sell up to 49 per cent for raising Rs 4,000 crore. The bidders, which include German airport operator AviAlliance, are likely to submit bidding offers by January-end. GVK Airport, a fully owned subsidiary of the listed GVK Power & Infrastructure, has mandated Bank of America Merrill Lynch and Goldman Sachs for the private placement of shares. If the deal goes through, the company will drop its much talked about initial public offer (IPO) plans.

 
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