Zurich Airport enters strategic alliance in India

Switzerland's Zurich Airport entered (05-Nov-2009) into a strategic alliance with GVK Power & Infrastructure Ltd (GVKPIL) for international airport activities in the Indian subcontinent. At the same time GVKPIL will acquire 12% share ownership in Bangalore International Airport Ltd (BIAL) from Zurich Airport. Zurich Airport will remain the operator of Bengaluru International Airport and will retain 5% of the share capital of BIAL, including its board representation. [more]