Attestor to Take 49% Condor Stake
20 Articles
20 Articles
Investor Attestor Takes over Completely: Federal Government and State of Hesse Withdraws From Condor
Condor will soon be fully in British hands: Attestor, the financial investor, will take over all the state shares that have previously been held by the federal government and the state of Hesse. A deadline for the takeover has already been set.
Condor has paid back state aid from the Corona crisis, now the next step follows: A financial investor will take over all shares in the airline by summer 2027. The federal government and the state of Hesse are leaving.
With the complete acquisition by a financial investor, a new phase begins for Condor. The holiday airline must now save, build new routes and win a partner from the industry.
Zeit Online
HandelsblattHere you can find information on the topic "Aviation". Read now "Eigner Attestor takes over Condor completely - state gets off".
The Attestor investment fund, already a majority shareholder of Condor, has exercised its option of purchasing out of the 49% of the capital still held on behalf of the German Federal State and the Land of Hessen. The company plans to finalize the operation on 31 August 2027, after having repaid its public aid in advance. This change in ownership is taking place [...]
Attestor Capital acquires 100% of Germany’s Condor
Attestor Capital, majority owner of Condor (DE, Frankfurt International), is acquiring the remaining 49% of the airline’s capital from SG Luftfahrtgesellschaft, a state-owned holding company that has held the shares on behalf of Germany’s federal government and government of the state of Hesse since Condor’s Covid-linked financial woes. The deal is part of a previously agreed option for the London-based investment firm. Attestor initially purcha…
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