arabtoday
Last Updated : GMT 08:19:49
Arab Today, arab today
Arab Today, arab today

Spain hikes share price range for airport operator AENA

Arab Today, arab today

Arab Today, arab today Spain hikes share price range for airport operator AENA

An aircraft at Luton Airport
Madrid - AFP

The Spanish government on Tuesday raised its price range for its sale of a stake in AENA, the world's biggest airport operator by passenger numbers, to 53-58 euros per share.
Prime Minister Mariano Rajoy's cabinet had set the price range at between 43 and 55 euros when it approved the company's inital public offering last month.
The new price range values the company at between 7.96 and 8.70 billion euros ($9.1 billion-$10 billion), AENA said in a regulatory filing, up from between 6.45 and 8.25 billion euros under the previous range.
AENA runs 46 airports and two heliports in Spain and another 15 airports in Latin America, the United States and Europe, including London's Luton airport. Nearly 195.9 million passengers moved though its sites last year, a 4.5 percent increase over 2013.
The Spanish government plans to list 28 percent of AENA on the stock market on February 11 and had agreed to sell another 21 percent to three private-sector anchor investors.
It will retain a narrow majority of 51 percent in AENA, which was hit hard by Spain's economic downturn and underwent a massive overhaul which included firing 20 percent of its workers and a rise in airport taxes that have helped restore it back to financial health.
The company reported a net profit of 596.7 million euros ($689.1 million) for 2013, emerging from a net loss of 63.5 million euros the previous year.
Results for 2014 are not yet available but AENA said its revenues rose 6.4 percent during the first nine months to 2.39 billion euros due to a rise in airport traffic as Spain's economy picked up and stronger sales from duty free shops.
The company has also been boosted by a rise in visitor numbers to Spain. A record 65 million foreign tourists visited the country last year, and the 7.1 percent traffic increase was the biggest for 14 years, the Industry and Tourism Ministry said last month.
Spain's previous Socialist government had sought in 2011 to sell 90.05 percent of the shares in airports in Madrid and Barcelona, aiming to raise 5.3 billion euros.
That plan had also included the sale of a 49 percent stake in AENA but was abandoned ahead of an early general election in November 2011, which was won in a landslide by the conservative Popular Party.
In January 2012 the new conservative government was forced to shelve plans to privatise the airports because of "unfavourable" market conditions.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain hikes share price range for airport operator aena Arab Today, arab today spain hikes share price range for airport operator aena

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark

GMT 22:58 2016 Saturday ,03 December

US Stocks Close Little Changed

GMT 04:26 2016 Saturday ,03 December

Sterling posts best run vs. euro in 9 months

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday