Madrid, February 11 (EFE) .- The actions of the Spanish airport management company Aena recorded a sharp rise today following an initial public offering (IPO) of 49% of its capital, an operation that has had a great demand among institutional and retail investors.
A few hours before the close of the Spanish Stock Exchange, shares of Aena rose more than 17% to 68 euros per share, compared with 58 euros you started The meeting, which was released and quickly became the most bullish market value.
It was also the company’s transaction volume and euros nearly 1,300 million traded in the early hours of session, almost half (680 million) corresponded to the airport manager.
After the traditional bell, Aena President Jose Manuel Vargas, said the IPO of airport operator “has been a long and complex process, difficult and successful. What was a dream, today it is reality. “
Vargas said among institutional investors who purchased in the offer are” leading the world “and revealed one of them has acquired 6.5% stake in Aena, but did not disclose his name.
Market sources told Efe that is the British fund TCI, the only investors reference has come to the IPO to buy shares after the approximate price exceeded the offered last fall, which automatically excluded him from the stable nucleus.
Regarding the future board after the departure of the three partners of preselected reference in autumn (Ferrovial, TCI and Corporacion Financiera Alba), President of Aena said it is too early to determine its composition.
Vargas also appreciated the high interest aroused IPO , and this has blamed future prospects for Aena and the process of recovery of the Spanish economy.
The high demand has led to Aena, in agreement with the coordinators of the IPO banks to expand five days, until February 16, the deadline for settlement of the transaction, the company explained in a statement sent to the Comisión Nacional del Mercado de Valores (CNMV).
The decision also reflects the fact that finally the offer had more size than initially expected after the allocation of 21% who would make reference investors (Corporación Financiera Alba, Ferrovial and TCI) to institutional tranche, which has increased the supply of 28 to 49% of the capital of the company.
Front Exchange building had about 50 people, called by the CGT union which has a majority in the center of the airport Madrid-Barajas Adolfo Suarez, demonstrating against the operation banners with slogans like: “Security is not a business” or “The privatization of Aena is l latest scam of this crisis”. EFE
kot-apc / PRB / pdp / sm
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