Harith moves to buy South African low-cost airline FlySafair
FlySafair set for new shareholder as Harith enters purchase agreement.
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Harith and its affiliates have entered into a sale and purchase agreement to acquire FlySafair, a South African low-cost airline. The transaction remains subject to customary regulatory approvals, including approval by the Competition Commission and relevant aviation authorities.
Founded in 2006, Harith is a Johannesburg-based pan-African investment firm with over $3 billion in assets under management. It focuses on sectors including energy, digital connectivity, transportation, and logistics.
The transaction follows a shareholder exit process at FlySafair that has been under consideration for several years.
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