TPG pulls out of SriLankan Airlines bid talks

TPG pulls out of SriLankan Airlines bid talks

Employees man their desks at the main ticketing office of Sri Lankan Airlines in Colombo September 25, 2001. REUTERS/Anuruddha Lokuhapuarachchi/Files

U.S. private equity firm TPG, one of three bidders short-listed to buy a 49 percent stake in state-owned SriLankan Airlines, has pulled out of talks about the potential acquisition, the chairman of the national carrier said.

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