GMR, Reliance may bid for Prague Airport

Prague: The Czech government has launched a tender to choose an advisor on the sale of state-owned Letiste Praha AS, or Prague International Airport, the Finance Ministry said Friday.
The ministry, which handles privatization on the government's behalf, is seeking to sell 100% of the airport by early next year.
Preliminary bids in the advisor tender for the planned sale are due by Aug. 29, the ministry said.
In September, the ministry will choose the five best preliminary bidders and ask them to submit formal and binding bids.
Earlier this week, Prague International Airport said its first-half traffic rose 6.3% year-on-year to 5.93 million passengers, following the record 12.5 million passengers using the airport in 2007.
Analysts have estimated that the government may garner as much as EUR3.8 billion from its sale.
Among others, Aeroports de Paris (1034014.FR), a major French airport authority, and Indian infrastructure companies GMR Group and Reliance Airport Developers Ltd., have said they may bid for Prague Airport.
25/07/08 Leos Rousek/Dow Jones Newswires/EasyBourse.com, France

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Categories: Airports Jul 2008, Foreign Jul 2008, New Jul 2008