Maldives Promotion House – Blackstone Group LP (NYSE: BX), the big
U.S.-based asset manager today announced that a private equity fund
managed by Blackstone on behalf of its private equity investors has
acquired a controlling interest in two Maldives-based seaplane
operators – Maldivian Air Taxi “MAT” and Trans Maldivian Airways “TMA”.
Following the transaction, Mr. Lars Erik Nielsen (Founder, MAT), Mr.
Lars Petré and Mr. Hussain Afeef (majority shareholders, TMA) will
retain a substantial shareholding and continue to play a significant
role in the companies, including serving as directors on the board. The
terms of the transaction were not disclosed.
