Fraport AG
Frankfurt Airport Services Worldwide
Headline: Fraport AG reached an agreement for the purchase of
Exchange/ Segment: Börse Frankfurt
WKN: | 577330 |
ISIN: | DE0005773303 |
Text:
Today, September 5, 2014, Fraport AG and a consortium headed by the Slovenian Sovereign Holding reached an agreement for the purchase of Ljubljana Airport (Aerodrom Ljubljana d.d.). The signing of the contract is also scheduled for today, September 5, 2014.
Under the agreement, Fraport AG will acquire a 75.5 percent stake in the stock-listed airport of Ljubljana, Slovenia's capital. The purchase price for 75.5 percent was set at EUR 177.1 million. Under the privatization process, Fraport AG intends to acquire
100 percent of the airport and will thus submit a takeover bid to the remaining shareholders in compliance with legal and statutory requirements.
Fraport AG will finance the acquisition of Ljubljana Airport from current liquid funds. The company will be consolidated in Fraport AG's financial statements after completion of the transaction.
Ljubljana Airport handled some 1.3 million passengers in 2013. Ljubljana Aerodrom d.d. recorded revenues of about EUR 31 million in 2013, with EBITDA amounting to approximately EUR 11 million and a net profit of EUR 5.2 million. The company is debt free.
distributed by |