The partial privatization of airport operator AENA Spanish will be held no hard core shareholders, AFP reported two sources close to the deal, after increasing the price range of stockmarket flotation.
Aena, the first airport operator in the world by number of passengers, will kick off in the market on Wednesday and Monday the price IPO will be announced.
Given the high demand, the price range has risen, from between 41.5 and 53.5 euros to a range of between 53 and 58 euros, giving a value to the whole enterprise of between 7,960 and 8,700 million euros.
The government had planned to give up a 49% stake in two stages. In October it had been a hard core of shareholders about the March family, one of the great fortunes of Spain, the construction group and Spanish services Ferrovial and background The Children’s Investment Fund (TCI).
It was planned that among the three, should hold 21% of the capital and had pledged to maintain their share for one year, in exchange for representatives to the board.
But as the purchase price Ferrovial and fixed by TCI is less than the new forks are effectively excluded from the operation. Proposed by the March family, 53.33 euros, will probably lower the price to be fixed on Monday, which also will come out of this hard core of shareholders, according to these sources.
So, Ferrovial and March have decided to throw in the towel, according to these sources. They have not given orders for titles
According to the Spanish press, the American billionaire George Soros would be willing to invest instead
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