Business News

Fraport Buying Remaining Aerodrom Shares

Ljubljana, 24 October (STA) - After wrapping up the purchase of a 75.55% stake in Aerodrom Ljubljana, German airport operator Fraport published on Friday a takeover bid for the remaining shares.

Fraport is offering EUR 61.75 per share. The offer stands until 20 November and no success threshold has been set.

Fraport bought the majority stake in the operator of the Ljubljana airport for EUR 177.1m on 10 October for the price of EUR 61.75 a share. The takeover values the entire company at EUR 234.4m.

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