Fraport continues its shopping spree

By Doug Newhouse |

The Slovenian Sovereign Holding state investment firm has confirmed it has entered into exclusive negotiations with Fraport to acquire Aerodrom Ljubljana.

In a statement, SSH said it had adopted a decision to begin exclusive negotiations with highest bidder Fraport AG ‘for a limited period of time’ on the content and structuring of the share and purchase agreement for the sale process. Fraport’s bid was apparently higher than second-placed VINCI, according to SSH.

The state investment company says that ‘binding offers are expected to be submitted in October 2014’ to complete the deal. This follows earlier statements from the government which indicated it had hoped to secure an agreement to sell around 75% of the airport company last July.

According to the airport management, a total of 1,321,153 passengers used Ljubljana Jože Pučnik Airport [full name] in 2013, with ‘foreign carriers’ handling 383,149 and domestic 884,383. A new terminal has been approved at the airport and was originally supposed to open in 2015, but a final decision on the timing has since been deferred due to economic pressure.

The joint venture company of local firm Regal and Gebr. Heinemann operate the duty free stores at the airport.

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