Announced
Financials
Sources
Tags
Acquisition
Private Equity
Cross Border
Pending
Airlines
airline operation
Germany
Friendly
Single Bidder
Majority
Private
Synopsis
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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