New Partner for Indian Subsidiary

4th Apr 2002

London, Thursday April 4, 2002: British Airways has signed a deal with Warburg Pincus for the private equity investor to acquire a majority shareholding in World Network Services (WNS), the airline’s India-based data management company.

Under the terms of the transaction Warburg Pincus will acquire a 70 percent stake in WNS, including certain UK assets of Speedwing International Ltd. British Airways will retain a 30 percent shareholding in WNS.

The sale of WNS will enhance the future growth prospects and development of the company. It will allow British Airways to maintain a meaningful stake, whilst pursuing its ongoing strategy to focus on core business.

Completion of the transaction is conditional on the receipt of regulatory approval in India.





Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation