Fairfax India to acquire an additional 10% stake in Bangalore International Airport from Siemens Financial Services for $255m.

Fairfax India, an investment holding company, agreed to acquire an additional 10% stake in Bangalore International Airport, an airport operator, from Siemens Financial Services, a financial services provider, for $255m. “We would like to thank Siemens for the great partnership we have enjoyed since our initial investment in BIAL in 2017. This additional investment in BIAL is a testament to our belief in the continued growth opportunities presented by BIAL and a phenomenal track record demonstrated by Hari Marar and his management team in capitalizing on those opportunities,” Prem Watsa, Fairfax India Founder.