Weststar Aviation buys stake from KKR

Weststar Aviation chairman and founder Tan Sri Syed Azman Ibrahim

PETALING JAYA: Private equity firm KKR has sold its remaining 21% stake in Weststar Aviation Services Sdn Bhd to the Weststar Group, thus exiting the offshore helicopter transport service company.

The transacted price was not disclosed, but sources said KKR sold its entire 40% stake in the company for about RM1.25bil after having acquired it for about RM640mil in 2013.

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Weststar , KKR , helicopter , Syed Azman Ibrahim

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