Abu Dhabi fund said to be seek resolution to Mumbai airport takeover deal - Arabianbusiness:
Abu Dhabi Investment Authority (ADIA) has reportedly sought the Indian government’s help in resolving a tussle over its takeover bid for Mumbai International Airport Ltd (MIAL) amid a rival bid from the Adani Group to acquire the aviation hub.
ADIA, in consortium with India’s NIIF (National Infrastructure and Investment Fund) and Canada’s PSP (Public Sector Pension) Investments, have an existing agreement with the GVK Group, the promoter of MIAL, to acquire 79 percent stake in GVK Airport Holdings for $964 million.
The agreement entered into April 2019 has ‘deal exclusivity’ until January 31, 2021.
ADIA, which told Arabian Business it had no comment to make on a report in India's Economic Times, has reportedly written to India’s Prime Minister’s Office and finance ministry for a fair resolution to the takeover tussle.
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