“Hochtief AG, Germany’s largest builder, is reviving the sale of six of its airport-operating business and has invited potential buyers to submit offers, according to three people familiar with the matter, ” Bloomberg reported on Thursday.
The German company plans to sell its stakes in the airports of Athens, Hamburg, Dusseldorf, Tirana, Sydney and Budapest.
“Some of Hochtief’s airports, like Dusseldorf, Hamburg or Sydney, are very attractive for investors, while others, like Budapest and Athens, clearly are not,´´ Norbert Kretlow, an analyst at Commerzbank in Frankfurt, said.
Hochtief, based in Essen, is working with Deutsche Bank on the sale, said the people, who asked not to be identified because the process is private. The invitation calls for indicative offers by the end of March, according to two of the people. (full story Bloomberg)
PS sad to see them go, now there is an attractive investment bill in Greek Parliament.
