 |
GERMANY/SLOVENIA. Fraport Group and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement to purchase Ljubljana Airport (Aerodrom Ljubljana), which serves the capital city of Slovenia.
After a closed bidding process that ended on 4 July, Fraport was selected to participate in exclusive negotiations on the sale of Aerodrom Ljubljana d.d., the company that operates the airport.
Fraport AG will pay €177.1 million for a 75.5% 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% of the Ljubljana airport company and will submit a takeover bid to the remaining shareholders. In 2013, Ljubljana Airport handled about 1.3 million passengers, up from 1.2 million in 2012.
 |
Ljubljana Airport: A hub for the Balkan region |
Fraport AG Executive Board Chairman Dr. Stefan Schulte said: “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.”
Fraport Chief Financial Officer Dr. Matthias Zieschang 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.”
Historically, noted Fraport, Ljubljana has been a strategic crossroads of trade between the Danube, Alps and Adriatic Sea. In 2004 Slovenia joined the European Union (EU) and the Eurozone in 2007. The airport reaches a catchment area of 4 million inhabitants within a 250-kilometre radius, which includes border areas in neighboring Italy, Austria, Croatia and Hungary. The airport also serves as a hub in the Balkan region.
