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Mubadala sells controlling interest in SR Technics

Posted 16 July 2016 · Add Comment

Abu Dhabi aerospace investment company Mubadala has sold its majority shareholding in MRO company SR Technics to China's HNA Group.

HNA will take an 80% stake in the Swiss-based company through its HNA Aviation division. Mubadala retaining the 20% balance.
Mubadala’s aerospace and engineering chief, Homaid Al Shemmari said the company “has found an ideal partner to continue the development of SR Technics.”
“We remain fully convinced of the long-term potential of SR Technics, and will remain actively involved through our stake and our representation on the board,” Shemmari said.

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