Babcock to issue rights issue to buy helicopter firm Avincis - Reuters

Engineering contractor Babcock has agreed to acquire helicopter transport services firm Avincis for 920 million pounds, funding the long-expected deal through a 1.1 billion pounds rights issue, writes Reuters. Avincis was owned by World Helicopters, a portfolio company of investment funds affiliated with Investindustrial and Kohlberg Kravis Roberts.

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