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 4th, 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 €177.1m for a 75.5% 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% 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.