Resha Bank, formerly known as Qatar First Bank, said on Friday it would acquire Guernsey-based aircraft lessor Amedeo Air for Plus in an all-cash deal, suggesting an enterprise value of 751 million pounds ($1 billion).
* AA4+ shareholders will receive 73p per share, valuing their shares at approximately £190m, representing a premium of nearly 33% to the closing price on 5 March.
*The deal comes at a time when the airline and tourism industries are struggling to cope with the disruption caused by the escalating US and Israeli air war against Iran.
* Lesha Bank operates a global aviation leasing and investment platform through Lesha Aviation Capital, with a market value of approximately Qatar 1.9 billion ($521.1 million).
*AA4+, which leases widebody aircraft to Emirates and Thai Airways, owns 12 similar jets from Airbus and Boeing.
*This transaction is consistent with Lesha Aviation Capital’s strategy to grow its diversified fleet and invest in new technology aircraft, and the boards of directors of all parties have agreed to the terms of the recommended all-cash transaction.
(1 dollar = 0.7481 pounds) (1 dollar = 3.6465 Qatari Riyals)
(Reporting by Ankita Bora in Bengaluru; Editing by Sumana Nandi)
