Madrid, Spain (4E) – Abertis is planning to market its airport operations because piece of the divestment approach which disposes the world’s largest toll road operator of its non-core companies.
The Spanish fast, that owns plus operates 29 airports internationally, has hired AZ Capital plus Citi to review its transport division including its airport portfolio it considers to place for sale. The value of its airports is enjoyed to be about 900mn pounds.
Abertis chief executive Francisco Reynés mentioned a strategic review has been performed to determine when the division ought to be disposed. The organization owns 3 territorial airports based inside Europe plus has concessions or administration contracts with 26 additional airports throughout the world.
The firm is going to lose control of its Bolivian airport concessions including the 1 inside La Paz, that is the country’s largest airport. Last week, the government announced it might nationalize the operator Sabsa.
Abertis is equally inside negotiations with all the government inside Wales following plans of re-nationalizing the Cardiff airport appeared due to sharp drop inside the quantity of travelers inside latest years. Abertis owns among the 3 airports which are proposed to be re-nationalized.
Reynés mentioned he expects a few of the choices for the airport company will be approved by the board like the disposal of the whole device, the sale of certain individual assets or perhaps a partial sale which can open doorways to function with couples.
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