Business News

Exclusive Talks on Airport Privatisation Launched with Fraport

Ljubljana, 06 August (STA) - The Slovenia Sovereign Holding (SSH) has entered into exclusive talks with German airport operator Fraport on the sale of a 75.5% stake in Aerodrom Ljubljana, which runs the Ljubljana International Airport.

Fraport, the operator of the Frankfurt Airport, was the best bidder and the negotiations will be time-limited, the SSH said in a press release Wednesday.

The news comes just a day after the SSH revealed there was significant interest in Aerodrom Ljubljana and said the procedure could be completed by the end of the month.

While other bidders have not been revealed, media reports suggest they included at least the operators of the Venice and Paris Charles de Gaulle airport, as well as a Chinese aircraft leasing company.

Aerodrom is one of the 15 companies in a priority privatisation list. The 75.5% stake is valued about EUR 80m at the current market price, but the buyer is expected to offer a takeover premium.

The company posted sales of EUR 7.1m in the first quarter, up 6%, with net profit increasing by 5% to EUR 857,000.

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