Dubai Aerospace Enterprise (DAE) has put aviation services company StandardAero on the auction block and retained Deutsche Bank (DBKGn.DE) to advise on the sale, people familiar with the matter said on Friday.
State-owned DAE has opted to entertain offers for part or all of StandardAero -- which it bought from private equity firm Carlyle Group CYL.UL in 2007 -- after several potential strategic and financial buyers expressed interest, two sources said.
The auction, which started several months ago, represents part of the Gulf Arab emirate's effort to dig itself out of a $100 billion-plus debt pile by selling its tightly-controlled companies.
No comments:
Post a Comment