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Aeronautics: Saudi Sovereign Wealth Fund Takes 76% of the Moroccan Group Heliconia
Summary by Financial Afrik
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1 Articles
The Helicopter Company (THC), owned by the Public Investment Fund (PIF) of Saudi Arabia, has acquired 76% of the capital of Heliconia, an airline operator in Africa. The amount of the transaction has not been revealed. Founded in Morocco, Heliconia has an extensive presence in North and West Africa, particularly in offshore services.
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