Indian company eyeing Poland's Bydgoszcz airport

Bydgoszcz GSM decided to let a foreign investor into the company. PPL, the state-owned airport operator, which had said before it would be neutral, was against an investor from the aviation industry. Marcin Hydzik, Bydgoszcz airport CEO, and the majority of shareholders, believe that investor with money and know-how is necessary. PPL bases on the strategy of airport development being prepared at the Ministry of Transport and agrees for an investor provided he is a financial one. This suits PPL strategy of managing airport infrastructure after PPL is privatized.
“In our opinion, Bydgoszcz airport does not need magic knowledge but money”, Artur Burak from PPL said.
Decision concerning the investor should be made before the end of August.
Tomasz Dziedzic, Institute of Tourism expert, believes that if someone wants to spend money and give know-how, there are no reasons to refuse him. Bydgoszcz airport would like to raise capital by PLN 30-40m and sell a 49 percent stake, the maximum level allowed by law. There are six companies interested in the acquisition including firms from the UK, India, France and Austria.
02/06/07 Puls Biznesu, Poland

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Categories: Airports Jun 2007, Foreign Jun 2007, New Jun 2007