Granitepost Posted March 28, 2016 Posted March 28, 2016 Fairfax India and its parent company are indirectly buying one-third ownership of the main commercial airport for the city of Bengaluru, also known as Bangalore for $321 million dollars. http://www.vancouversun.com/business/fp/fairfax+investing+million+onethird+share+indian+airport/11812995/story.html?__lsa=07cb-ef58 http://www.theglobeandmail.com/report-on-business/international-business/asian-pacific-business/fairfax-to-buy-bangalore-airport-stake-for-322-million/article29401580/ Cheers, Granitepost
wisdom Posted April 8, 2016 Posted April 8, 2016 http://finance.yahoo.com/news/fairfax-talks-invest-300-million-032742991.html Another potential purchase in India
giofranchi Posted April 8, 2016 Posted April 8, 2016 http://finance.yahoo.com/news/fairfax-talks-invest-300-million-032742991.html Another potential purchase in India Thank you for posting! Cheers, Gio
Granitepost Posted April 8, 2016 Author Posted April 8, 2016 Sanmar deal is a go, with Fairfax India investing $250 million and Fairfax the balance. https://ca.finance.yahoo.com/news/fairfax-india-lines-us-300-million-deal-pvc-113236682.html
KFRCanuk Posted April 18, 2016 Posted April 18, 2016 I think they just picked up another 5% http://www.deccanherald.com/content/541198/zurich-airport-exit-bangalore-international.html
ourkid8 Posted April 18, 2016 Posted April 18, 2016 It looks like Fairfax financial picked up the 5% stake instead of Fairfax India. I think they just picked up another 5% http://www.deccanherald.com/content/541198/zurich-airport-exit-bangalore-international.html
KinAlberta Posted May 9, 2016 Posted May 9, 2016 This doesn't really belong in this thread but it is interesting... "We are seeing ‘for sale’ tags on airports, roads, ports, ..." (see below) The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis by PIYUSH PANDEY The Reserve Bank of India’s (RBI) has decided to clean up the balance sheets of Indian banks, which are collectively saddled with Rs five lakh crore of bad loans, by the end of this fiscal. So, the banks have started cracking the whip on Indian companies for repayment of loans. For most affected firms and groups, this will mean they will be forced to sell prized assets to repay their ballooning debts. We are seeing ‘for sale’ tags on airports, roads, ports, steel plants, cement units, refineries, malls, corporate parks, land banks, coal mines, oil blocks, express highways, airwaves, Formula One teams, hotels, private jets, and even status symbol corporate HQs. Substantial stakes in firms, and in some cases entire companies, are on the block. The Hindu reviewed leading corporate houses with billion-dollar loans riding on them, and the results are startling. The top 10 business house debtors alone owe Rs 5,00,000 crore to the banks. They will be forced to sell assets worth over Rs 2,00,000 crore. ... http://www.thehindu.com/business/Industry/the-biggestever-fire-sale-of-indian-corporate-assets-has-begun-to-tide-over-bad-loans-crisis/article8573163.ece
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now