Fraport AG acquires majority share in Ljubljana Airport
Aerodrom Ljubljana (Slovenia) to expand its competitive position as a hub to the Balkan Region with the support of Fraport AG
Fraport AG (Frankfurt am Main) and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement for the purchase of Ljubljana Airport (Aerodrom Ljubljana) on 5 September. Winning against strong international competition in a closed bidding process on July 4, Fraport was selected by the seller side to participate in exclusive negotiations on the sale of Aerodrom Lubljana d.d., the company that operates the airport.
Under the agreement, Fraport AG will pay EUR 177.1 million for a 75.5 per cent stake in Aerodrom Ljubljana d.d. The acquisition will be financed from current liquid funds. As part of the privatisation process, Fraport intends to acquire 100 per cent of the Ljubljana airport company and, thus, will submit a takeover bid to the remaining shareholders, in accordance with legal and statutory requirements. In 2013, Ljubljana Airport (IATA Code: LJU) welcomed about 1.3 million passengers, up from 1.2 million in 2012.
Dr. Stefan Schulte, Fraport AG’s executive board chairman (CEO), expressed satisfaction with the expansion of the company’s international airport portfolio: “With Ljubljana, we are adding another airport investment with dynamic development potential. The choice for Fraport underscores our position as a leading global airport manager.” Dr. Matthias Zieschang, Fraport AG’s executive board member for controlling and finance (CFO), added: “Our extensive know-how gained over many decades will enable us to further expand and strengthen Ljubljana’s competitive position – a real win-win situation for everyone involved.”