Wednesday, July 26, 2017

US private equity firms suss out Air India

US-based private equity firms KKR & Co. and Warburg Pincus have expressed an interest in acquiring parts of Air India  which is currently slated for privatization.

India's LiveMint newspaper quotes sources familiar with the situation as saying the two firms have separately sought details on the privatization process. However, talks are currently at a very early stage with no firm commitments having yet been made.

Other firms that have already expressed an interest include Tata Group and low-cost carrier IndiGo Airlines (6E, Delhi Int'l).

New Delhi is expected to issue a Request For Proposals (RFP) for banks and financial institutions to handle the sale in the coming weeks.
25/07/17 ch-aviation