Tuesday, February 3, 2015

Aena studies raise the price range for the IPO to between 53 and 58 … – EntornoInteligente

Aena studies raise the price range for the IPO to between 53 and 58 … – EntornoInteligente

Expansion / Specifically, the news agency said, citing sources familiar with the process said that the new fork shuffled fluctuates between 53 and 58 euros action.

Sources close to the operation point to Expansión.com that currently is being discussed this matter with representatives of Enaire, Development and banks who run the operation.

“The logical is that the government representatives accept the proposal from the bench and will make an effort to get the price of institutional tranche is the same as the retailers, “say these sources.

If it is ultimately expands range, both Ferrovial as the British fund TCI, which would have between 13% stake in Aena, fall outside shareholders.

The logic is that portion institutional tranche is added the IPO. Remains to be seen what happens to Corporation Alba, who launched an offer of 53.5 euros in November; ie almost the minimum would be the new range.

Currently, the indicative price range is between 43 and 55 euros per share, after Enaire decided last January 23, according to the underwriters, raising that range, which initially was between 41.5 and 53.5 euros per share.

With the current range (between 43 and 55 euros), valuation Aena fluctuates between 6,450 and 8,250 million euros.

Tuesday is scheduled to Enaire and the underwriters of the IPO set the maximum price for the retail tranche of the IPO.

Information Expansion

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