International Infrastructure Companions buys Signature Aviation for US $ four.63 billion – CNA

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London Gatwick Airport co-owner International Infrastructure Companions on Monday reached a $ four.63 billion deal to purchase UK personal jet providers firm Signature Aviation, beating personal fairness giants Blackstone and Carlyle.

FILE PHOTO: General view of an entrance to the check-in area at Gatwick Airport, Gatwick

FILE PHOTO: A common view of an entrance to the check-in space at Gatwick Airport, as journey restrictions are relaxed following the coronavirus outbreak (COVID- 19), in Gatwick, Nice Britain on July 10, 2020. REUTERS / Toby Melville


Jan 11, 2021 four:36 p.m.
(Up to date: January 11, 2021 06:36 PM)

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REUTERS: International Infrastructure Companions, the previous proprietor of London's Gatwick Airport, stated on Monday it had reached a deal to purchase London-based Signature Aviation for round US $ four.63 billion, surpassing a Blackstone Group method.

Blackstone stated final Friday it had secured the backing of Signature's largest shareholder, Invoice Gates, for a potential US $ four.three billion bid.

(Corrected so as to add the phrase "previous" in paragraph 1)

(Reporting by Indranil Sarkar in Bengaluru; Enhancing by Saumyadeb Chakrabarty)

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