The equity was bought from Siemens Project Ventures, part of Siemens Financial Services for, in aggregate, $255m. The purchase price is payable in three instalments, with the initial instalment paid on closing of the transaction and the balance to be paid on August 31, 2025 and July 31, 2026.
As a result of the closing of the transaction, Fairfax India’s aggregate share ownership in BIAL has increased to 74.0% (30.4% held by its wholly owned subsidiary and 43.6% held by its indirect subsidiary, Anchorage Infrastructure Investments Holdings Limited) from 64.0% last year. The equity interest in BIAL owned by Airports Authority of India and Karnataka State Industrial and Infrastructure Development Corporation remains unchanged at 13% each.
BIAL is a private company located in Bengaluru, India. BIAL, under a concession agreement with the Government of India until the year 2068, has the exclusive rights to carry out the development, design, financing, construction, commissioning, maintenance, operation and management of the Kempegowda International Airport Bengaluru (KIAB) through a public-private partnership.
