Ferrovial concludes Swissport sale
Following the announcement in November, Spain’s Ferrovial has successfully completed the €695 million sale of Swissport to French private equity firm PAI Partners. Swissport International will now continue to pursue its growth strategy. PAI Partners and Swissport also announced the closing of a secured bond financing through an offering by an affiliate of PAI partners to a wide international investor base. PAI Partners will now further pursue Swissport’s successful global business model with the current Swissport Group executive management. In doing so, PAI partners will be striving not only to maintain Swissport’s position in the aviation ground handling sector, but also to achieve profitable and sustainable growth. Swissport Group CEO Per Utnegaard commented: "The general economic situation and the health of the airline sector improved in 2010, and this should allow Swissport International to outperform the market in 2011." Quelle: eyefortransport |