Waha Capital, an Abu Dhabi based investment firm, has invested $76 million in New York-listed AerCap Holdings.
Waha Capital has acquired 2.04 million shares as part of an open market share purchase program in January. It has been a shareholder in AerCap Holdings since 2010 and has around 15 percent stake. AerCap is a global leader in aircraft leasing and finance with approximately $44 billion of assets. (As DubaiBeat.com reported back in 2009, Waha had plans for around $1 billion of acquisitions and now has stakes in firms like Stanford Marine Group, Dunia Finance and Anglo Arabian Healthcare).
Waha Capital is listed in the Middle East Investors Directory with the code OR56.
More details follows:
January 13, 2016 -- Waha Capital, a leading investment company based in Abu Dhabi, has acquired 2.04 million shares in New York-listed AerCap Holdings N.V. for a total of US$ 76.8 million, as part of an open market share purchase programme. Following this acquisition, Waha Capital’s stake in AerCap Holdings has increased from 13.6 percent to 14.6 percent.
Waha Capital, which has been a major shareholder in AerCap Holdings since 2010, may purchase up to an additional 1.96 million shares in AerCap Holdings under the programme, subject to certain price and other conditions.
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