Airport Holdings Ltd offered to acquire additional 21.3% stake in Air Mauritius Limited (MUSE:AIRM.N0000) for approximately MUR 160 million on October 15, 2021. Offer price is set to MUR 5.8 per share. Offeror has sufficient financial resource available and transaction is not subject to any condition.

The offer is expect to close by November 22, 2021. Ernst & Young acted as independent adviser and opinion provider for Air Mauritius.