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Gama takes full control of Middle East business

Posted 18 October 2017 · Add Comment

Gama Aviation has bought out its partners in the Gama MENA business based in Sharjah.


When the Middle East business was set up in 2008, Gama Aviation worked with a consortium of local private equity investors called Jet Set comprising Growthgate Capital Corporation, Bahrain, Crescent Investment, and Felix Trading which held the majority shareholding.
Today Gama Aviation announced the acquisition of the 51% Jet Set interest for a cash consideration of $5.1m. Gama now owns 100% of Gama MENA.
 

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