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Brookfield, Apollo, GIP bid for US$10B Aramco pipeline stake

Brookfield, Apollo, GIP bid for US$10B Aramco pipeline stake
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Oil Prices Show Slight Changes

Billionaire Sawiris said to back $4 7bn Signature takeover

Signature Aviation Shareholder NNS Plans To Vote In Favour Of Takeover

Signature Aviation Shareholder NNS Plans To Vote In Favour Of Takeover Mon, 22nd Feb 2021 09:32 (Alliance News) - Signature Aviation PLC on Monday said NNS UK Investment Sarl-SPF has entered into an irrevocable undertaking to vote in favour of the recommended takeover offer by newly formed acquisition vehicle Brown Bidco Ltd. The takeover vehicle consists of US-based private equity firm Blackstone and former suitor Global Infrastructure Partners, as well as Cascade Investment LLC, a fund that manages Bill Gates s investments. The offer values Signature at USD4.73 billion, about GBP3.46 billion. Signature, an aviation services company headquartered in London, said NNS has agreed to vote in favour of Brown Bidco s offer in respected of its 61.5 million shares - an approximately 7.4% stake in Signature s share capital and 9.2% of shares eligible to vote on the scheme at the upcoming March 18 court meeting.

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