“SATS, in a joint bid with Cargo Service Center India (CSC), has won a cargo handling concession contract in Chhatrapati Shivaji International Airport in Mumbai, India.”, reported The Business Times. The joint venture constituted between CSC and SATS Investment, a subsidiary of SATS wherein SATS Investment has subscribed for a 49% equity stake in CSC’s subsidiary, Mumbai Cargo Service Center Airport, which will be responsible for operating the concession and managing the international cargo facilities at the airport. The gross deal value of the project is estimated to be around INR 600 crores (around $94.3).
DSK Legal advised
A Khaitan & Co Mumbai-based team advised
Luthra & Luthra Mumbai acted as the legal counsel for
The cargo operations handled at the international airport in Mumbai is among the largest in the country and this is the first time that MIAL has awarded a long-term concession to a private operator for a period of 19 years.
2017-12-26
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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