Changi To Consider GVK Airports: A Meeting Of Demands

Local media sources reported that Changi Airport Group (CAG), the operator of Singapore's main international airport, is in negotiations with India-based infrastructure major GVK Power & Infrastructure to purchase a 26% stake in its airport subsidiary, GVK Airport Holding . BMI believes that a stake sale represents the best option for GVK to finance its capital expenditure plans and alleviate the risk of a liquidity crunch. For CAG, a stake in GVK Airport represents a major opportunity to gain exposure to the growing Indian airport sector.

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