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Announced

Attestor to acquire a 51% stake in Condor for $244m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Cross Border

Pending

Airlines

airline operation

Germany

Friendly

Single Bidder

Majority

Private

Synopsis

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Attestor, an investment fund, agreed to acquire a 51% stake in Condor, a German airline operator, for $244m. "By investing in Condor, we are not only creating the foundation for a successful restart, but are also paving the way forward for the company’s long-term development into Europe’s leading charter airline. To this end, we will invest substantially to modernize the Condor fleet,” Jan-Christoph Peters, Attestor Founder and Owner.

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