Fraport Wins Ljubljana Airport Privatization
Fraport AG and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement for the purchase of Ljubljana Airport (Aerodrom Ljubljana) in the capital city of Slovenia, southeastern Europe. 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 177.1 million euros for a 75.5 percent stake in Aerodrom Ljubljana d.d. The acquisition will be financed from current liquid funds. As part of the privatization process, Fraport intends to acquire 100 percent 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.”