Bidvest to finalise Mumbai airport exit by year-end despite moves to block deal
02 September 2019 - 18:58
Bidvest’s sale of its stake in a joint venture that runs India’s second-busiest airport is set to be finalised in 2019 despite efforts by one of that country’s conglomerates to block the transaction.
Bidvest, which recently took a controlling stake in SA’s second-largest drugmaker, Adcock Ingram, wants to offload a 6.75% interest in Mumbai International Airport Limited (MIAL). But MIAL’s majority shareholder, GVK Power & Infrastructure, had been against the sale and argued it had a right of first refusal on Bidvest’s stake...
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