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Friday, September 8, 2006

SR Technics to be Acquired by United Arab Emirates Consortium

Zurich-based SR Technics is to be acquired by a consortium of three investors from the United Arab Emirates with a strategic investment interest in the aerospace industry. The new owners’ consortium is made up of Mubadala Development, Dubai Aerospace Enterprise (DAE) and Istithmar. The transaction value is CHF 1.6 bn. The new owners expect to mirror the international growth strategy pursued by SR Technics under the ownership of 3i and Star Capital since 2002. More

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