Mubadala sells controlling interest in SR Technics
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.