India:
CCI Approves Acquisition Of Mumbai International Airport Limited By GVK Airport Holdings Limited
01 October 2019
AZB & Partners
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On July 26, 2019, CCI approved the acquisition of shares of
Mumbai International Airport Limited
('MIAL') by GVK Airport Holdings Limited
('GVK') increasing GVK's stake in MIAL
from 50.5% to 60.5%. 1
GVK is an affiliate of the GVK group, which is a leading Indian
conglomerate with diversified interests across various sectors
including energy and resources, transportation, hospitality, and
life sciences. MIAL is a subsidiary of GVK and operates an airport
in Mumbai, India (i.e., the Chatrapati Shivaji International
Airport ('CSIA') and provides airport
services at CSIA, including services and activities incidental to
air transportation such as operation of terminal facilities,
airport activities, ground services activities at airside and cargo
handling services.
CCI approved the combination since it observed that the
combination merely involves an increase in existing shareholding,
it will not result in any change in the competitive landscape.
Footnote
1 Combination Registration No. C-2019/06/667.
Published Date: September 21, 2019
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