BENGALURU: British aircraft services provider BBA Aviation Plc said it has proposed to acquire Landmark Aviation, owned by private equity firm Carlyle Group LP, for US$2.065bil, to increase its exposure in the aviation market in North America.
The acquisition will be funded via new debt facilities and a fully underwritten rights issue of 562,281,811 shares at an issue price of 133 pence per share, raising about £748mil, the company said yesterday.
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