News

Magnetic MRO sold to Guangzhou Hangxin Aviation Technology

BaltCap and minority shareholders have signed an agreement with Guangzhou Hangxin Aviation Technology for the sale of 100% of the shares of Magnetic MRO AS, a full-service aircraft maintenance company headquartered in Tallinn.

100% shareholding in Magnetic MRO was valued at EUR 43 million.

Indicative closing date is planned at the end of March after all regulatory requirements and other closing conditions have been fulfilled.

Superia Corporate Finance acted in partnership with Seabury Securities as financial advisers to the vendors in the transaction.

Link to formal press release:

http://baltcap.com/news/2018/baltcap-exits-magnetic-mro