Madrid, February 11 (EFE) .- The management company Aena airports today is appreciated 20.69 percent in its debut in the Spanish Stock Exchange, marking the privatization of 49% of its capital, ending their actions a price of 70 euros.
The starting price of the shares of Aena was 58 euros and the opening and climbed 12.2 percent.
With the revaluation of Today, the capitalization of Aena, which has been the most bullish market value, rose from 8,700 million to 10,500 million.
The Spanish State will retain over 51% stake in Aena through Enaire and enter society after 4.263 million public offering (IPO) of 49% of airport management.
After the traditional bell on the Stock Exchange, President and CEO of Aena, José Manuel Vargas, said the IPO of airport operator was “a dream is now reality”, after going through a process “long, complex, difficult and successful.”
The Secretary of State Infrastructure and president of Enaire, Julio Gómez-Pomar, stressed that, starting from the highest point of the price range, “we are seeing the pair is showing he has traveled.”
Aena is a public company, which, with the entry of private capital, “will win in efficiency, commitment and growth,” he said.
The strong demand for the IPO had been carried upward modify the share price twice, leaving out the operation to shareholders selected reference last October, Corporación Financiera Alba, Ferrovial and British fund TCI.
According to Vargas, throughout the process the company has been waking up “a high interest among investors,” because of the “huge” expectations for the future of the company and improving the Spanish economy.
Following the departure of investors reference, its directors shall resign, except the representative of TCI, who retains his position, after acquiring a significant stake that has been awarded to British fund tranche qualified investors.
board of directors from 15 to 13 members without, for the moment, nor Aena nor its parent have taken a decision about the coverage of such vacancies.
The package of 21% that they would take those shareholders has past the institutional tranche, which have reserved the 94.81% stake, while the retail tranche reduces the remaining 5.19%, in the case of the banks running the option to buy the ‘green shoe’ 4.45%.
All opposition groups in Spain have called on the Senate to create a special committee to study the model of airport management, privatization of Aena and the fate of the resources entering the operation.
For the Spanish Socialist Workers Party (PSOE) -the largest opposition formation, privatization has been done on the backs of representatives of citizens and has led to a ” partisan pitch “for the government extraordinary resources available, whose fate has not been included in the General State Budget, a key election year.
The unions qualify privatization of airports of” social fraud , economic and institutional “, which reproached the government in a concentration of about 50 people in front of the Stock Exchange building with placards with slogans such as:” Security is not a business “or” The privatization of Aena is the latest scam of this crisis. ” EFE
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