Fairfax India has concluded its acquisition of an additional 6% stake in Bangalore International Airport from Siemens Project Ventures, in a transaction valued at Rs4.5bn ($67m).

Before completion of the stake acquisition, Fairfax India owned a 48% shareholding in Bangalore International Airport.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As a result of the transaction, which was originally announced in March this year, Fairfax now owns a combined 54% interest in the airport. Siemens will continue to hold a 20% stake in the airport.

“Siemens is one of the original shareholders of BIAL and have contributed immensely to the development of Kempegowda International Airport into a world-class airport that is a gateway to and from India.”

Siemens Project Ventures operates as part of Siemens’ Financial Services Division.

When the transaction was announced, Fairfax India chairman Prem Watsa said: “Siemens is one of the original shareholders of BIAL and have contributed immensely to the development of Kempegowda International Airport into a world-class airport that is a gateway to and from India.

“We look forward to continuing to work with Siemens and the other BIAL shareholders in the further expansion of the airport.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under a concession agreement with the Government of India until 2038, Bangalore International Airport has the exclusive rights for developing, designing, financing, constructing, commissioning, maintaining, operating and managing the Kempegowda International Airport (KIAB) Bengaluru.

KIAB is the first greenfield airport in India, which has been built through a public-private partnership.

The airport has been envisioned as a business and travel hub for South India. In keeping with this, Bangalore International Airport designed plans to provide facilities and services to all its passengers while increasing the infrastructure and land space available.