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Stock Market & Financial Investment News

News Breaks
February 3, 2013
12:18 EDTBXBlackstone acquires stake in two Maldives-based seaplane operators
Blackstone announced that a private equity fund managed by Blackstone on behalf of its private equity investors has acquired a controlling interest in two Maldives-based seaplane operators – Maldivian Air Taxi “MAT” and Trans Maldivian Airways “TMA”. Following the transaction, Mr. Lars Erik Nielsen, Founder, MAT, Mr. Lars Petré and Mr. Hussain Afeef (majority shareholders, TMA) will retain a substantial shareholding and continue to play a significant role in the companies, including serving as directors on the board. The terms of the transaction were not disclosed.
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