GRANT Thornton in Birmingham has advised Germany's DVB Bank on the sale of its majority stake in aviation group TES Holdings to Japanese investors.

Mitsubishi Corporation will take a 35 per cent share of South Wales-based TES Holdings, the parent company of aircraft engine maintenance and asset management business TES Aviation Group, while the Development Bank of Japan will take 25 per cent.

Under the deal DVB - which has a strategic focus on the international transport market - will remain the l......for the full story register now for free or login below...