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Karnataka minister seeks to block B'luru airport stake sale to Fairfax

Prem Watsa firm is a financial investor and lacks expertise to run airports

bengaluru airport
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Raghu Krishnan Bengaluru
D K Shivakumar, Karnataka's energy minister Karnataka Minister has petitioned that the control of the Bangalore International Airport Ltd or BIAL, the operator of city's airport should not be given to Fairfax Group, owned by Canadian billionaire Prem Watsa saying it lacks expertise in running an airport

Shivakumar, belonging to the dominant Vokkaliga community, has asked chief minister Siddaramaiah to block sale of the remaining 10% present of GVK Group, which has a stake in the airport, to Fairfax.

The Prem Watsa-owned Fairfax has majority 38% stake in BIAL, after it bought 33% stake in the airport from GVK group for $

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