GMR Airports to acquire a 10% stake in Delhi International Airport from Fraport for $126m.

GMR Airports, a private airport operator, agreed to acquire a 10% stake in Delhi International Airport, the operator of Delhi airports, from Fraport, a numerous airport-related services provider, for $126m. “ After a successful 18-year partnership driving impressive growth in Delhi, it’s time to start a new chapter. We look back with pride on the various milestones we’ve achieved together with GIL. We jointly upgraded and expanded Delhi Airport into one of Asia’s leading air transportation hubs. I’m pleased that we will support and stay connected with our partners in Delhi even after the closing of the transaction," Stefan Schulte, Fraport CEO.