Viadukt fails to sell Zagreb Airport shares

NEWS FLASH


Viadukt, one of the six shareholders in Zagreb Airport International Company (ZAIC), which manages Croatia's busiest airport, has failed to sell its 5.11% share in the consortium. The Croatian construction company was aiming to sell its shares for a minimum of seven million euros. However, there were no interested buyers. The company has said it will announce a new public call for the sale and will maintain the same initial price. Viadukt's bankruptcy manager, Milorad Zajkovski, said he was surprised that no one had come forward to purchase the shares, especially among those who already form part of the consortium. ZAIC is currently made up of Aeroports de Paris Management (20.77%), Bouygues Batiment International (20.77%), Fond Marguerite (20.77%), IFC (17.58%), TAV Airports (15.0%) and Viadukt (5.11%). The potential buyer would be required to take on all of Viadukt's obligations within the consortium, including loan repayments. Viadukt entered bankruptcy proceedings in October 2017.

Comments

  1. Why don't one of the other owners buy it?

    ReplyDelete
    Replies
    1. Why would they, if they can purchase it later for half the price?

      Delete
  2. That's quite sad.

    ReplyDelete
  3. Firma koja je nekad mogla Peljeski most onako uzput napraviti.....

    Otuzno

    ReplyDelete
  4. Maybe the business in ZAG does not run so well after all...

    ReplyDelete
    Replies
    1. +1
      Could be but the airport is profitable so I don't know what is the problem here. Maybe they are asking too much?

      Delete
  5. Makes sense. When selling their share due to bankruptcy, buyers are thinking they can get the shares for even less.

    ReplyDelete

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