Fairfax India to acquire a 10% stake in Bangalore International Airport from Siemens Financial Services for $250m.

Fairfax India, an investment holding company, agreed to acquire a 10% stake in Bangalore International Airport, an airport operator, from Siemens Financial Services, a financial services provider, for $250m. "This additional investment in BIAL reinforces our confidence in the continued success and opportunities at BIAL. With the opening of Kempegowda International Airport’s Terminal 2, we expect significant growth over the coming years. We have had great support from Siemens through SFS over the past few years and look forward to our continued partnership," Prem Watsa, Fairfax India Chairman.