Business News

Airport Privatisation Completed

Ljubljana, 10 October (STA) - The privatisation of airport operator Aerodrom Ljubljana was formally completed on Friday as the 75.5% stake in the company was transferred to German airport operator Fraport after the sellers received the proceeds.

Fraport paid the consortium of sellers EUR 177.1m for the stake, with the state directly receiving EUR 118.8m for its stake and the Slovenia Sovereign Holding (SSH) just shy of EUR 16m, SDH said in a press release.

The buyer plans to buy out the remaining shareholders at the same price, EUR 61.75 per share, which will cost it just over EUR 57m.

Fraport has plans to develop Ljubljana's airport as a passenger and cargo hub and businesses, in particular in the tourism and logistics sectors, have expressed hope that passenger numbers will increase.

Aerodrom Ljubljana was the third among the 15 companies slated for privatisation to be sold. Bank NKBM and Telekom Slovenije are expected to follow by the end of the year.

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