Market Overview

Blackstone Acquires Majority Stake in Maldivian Air Taxi and Trans Maldivian Airways

Blackstone (NYSE: BX) today announced that a private equity fund managed
by Blackstone on behalf of its private equity investors has acquired a
controlling interest in two Maldives-based seaplane operators –
Maldivian Air Taxi “MAT” and Trans Maldivian Airways “TMA”. Following
the transaction, Mr. Lars Erik Nielsen (Founder, MAT), Mr. Lars Petré
and Mr. Hussain Afeef (majority shareholders, TMA) will retain a
substantial shareholding and continue to play a significant role in the
companies, including serving as directors on the board. The terms of the
transaction were not disclosed.

Seaplane Base of the Male' International Airport, Maldives (Photo: Business Wire)

Maldives is a popular tourist destination with over 1,000 islands. With
a

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Posted-In: News Guidance Management M&A Global

 

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