A consortium of United Arab Emirates-based investors is to acquire 90% of SR Technics from its current owners in a transaction valued at CHF1.6 billion ($1.3 billion). The consortium is led by Mubadala Development, the investment vehicle of the Abu Dhabi government, which will own 40% of the Zurich-based maintenance, repair and overhaul company after the purchase is completed in about two months. Also participating is Dubai Aerospace Enterprise, the recently launched investment vehicle for ...

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