|Fraport poised for Ljubljana Airport takeover|
Germany’s Fraport is in the final stages of acquiring a 75.5% stake in Ljubljana Jože Pučnik Airport. The operator is set to complete its takeover talks with the state investment firm Slovenian Sovereign Holding (SDH), which is in charge of selling state assets, by the end of next week. The news comes after the German conglomerate made the highest offer for a majority share in the airport, outbidding French concession and construction company Vinci, as well as Hong Kong-based Friedmann Pacific Investment Holding. The current political tussle in Slovenia over the formation of a new coalition government is unlikely to delay the sales process, although the winning party of last month’s snap parliamentary elections, which will lead the new government, has expressed caution over privatising state-owned companies.
According to Slovenian press, the multi billion euro management and transport company is set to put emphasis on developing Ljubljana Airport’s cargo traffic, which currently outperforms regional rivals such as Zagreb and Belgrade. Furthermore, Fraport will look into plans at developing a new terminal at Ljubljana Airport. While no firm figures for Fraport’s 75.5% stake in Jože Pučnik Airport have been released, it is believed the deal is worth over 100 million euros. The operator was reportedly prepared to make a bid for Belgrade Nikola Tesla Airport’s concession had talks over Ljubljana Airport’s takeover failed.
Fraport, officially known as Frankfurt Airport Services Worldwide, manages Europe’s third busiest airport - Frankfurt. In addition, the company also runs several major airports across the world including Cairo, Delhi, Hanover, Pulkovo Airport in Saint Petersburg and Jeddah in Saudi Arabia. Closer to home, Fraport manages Bulgaria’s Varna and Burgas airports. Furthermore, the conglomerate administrates the main international airports in Lima in Peru, Xi’an in China, Antalya in Turkey and the new airport in Dakar in Senegal, which is currently under construction. The company boasts some 20.000 employees and in 2013 generated revenue of 2.6 billion euros.