GMR eyes stakes in Madrid and Barcelona airports

Madrid: Seven consortiums from five countries are bidding for stakes in Madrid and Barcelona airports following the government's decision to partially privatize the facilities, airport operating authority AENA said Monday.
The government hopes the sale of the airports in Spain's two largest cities will bring in around 5.3 billion euros ($8.2 billion) for the public coffers to help rein in a massive public deficit.
Each of the airports, 90.05 percent of which are being privatized, has received six bidders, five of whom are making offers for both facilities, AENA said in a statement.
Consortiums led by Spain's Ferrovial, India's GMR Infrastructure, Singapore's Changi Airport, the French Aeroports de Paris and Germany's Fraport are eyeing both airports.
For Madrid's Barajas airport, Spain's Grupo San Jose group is also a bidder, while Spanish group Abertis is on the list of those seeking Barcelona's El Prat.
The winning group will have three months before taking over the airports, which would likely take place in early 2012.
07/09/11 mb.com.ph

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Categories: airports Sep 2011, Foreign Sep 2011, New Sep 2011