BA divest Air Mauritius stake

25th Jun 2008

British Airways has proven the old city adage that investments are for the long term by selling shares in Air Mauritius it took in 1973 for a handsome £3.2 million.

BA secured its 10.5% stake during the early days of the Indian Ocean-based carrier.

Robbie Baird, BA’s representative on the Air Mauritius board, said: “It is now a successful carrier, operating to the highest standards and no longer requires our involvement and support.”

The airline will sell its 3.84% share in Air Mauritius to the Mauritian government and its 13.24% share in the Air Mauritius Holding Company to existing shareholders.

BA said the sale, which it hopes to complete within the next month, had been made with the full co-operation of Air Mauritius and the Mauritian government.



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