AviAlliance, AMP Capital join race to buy minority in Mumbai airport

File photo of the Mumbai airport. GVK Airport owns a majority 50.5% stake in Mumbai International Airport and 43% in Bengaluru International Airport. Photo: Abhijit Bhatlekar/Mint

German airport operator AviAlliance, Australia’s AMP Capital and US-based Global Infrastructure Partners (GIP) have submitted non-binding bids to buy a minority stake in Mumbai International Airport Ltd, two people aware of the development said.

The GVK group, which owns 50.5% in the Mumbai airport, plans to sell some of its stake to raise money for its projects. If ongoing discussions are conclusive, the three bidders are expected to submit binding offers in the coming weeks, the persons cited above said. Mumbai airport’s other shareholders are South Africa’s Bidvest Group holding 13.5%, Airports Co South Africa Ltd (10%) and state-run Airports Authority of India with 26%.

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