EANS-Adhoc: Ad-hoc information from Flughafen Wien AG on an offer to increase its holding in Malta Airport
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Mergers - Acquisitions - Takeovers
24.08.2015
Ad-hoc information from Flughafen Wien AG on an offer to increase its holding in
Malta Airport
Flughafen Wien AG hereby announces that it makes an offer conditional to the
approval of the Supervisory Board of FWAG to acquire SNC Lavalin Inc's stake in
Malta International Airport plc ("Malta Airport").
Since the privatisation of Malta Airport in 2002, 40% of it has been held by the
consortium company Malta Mediterranean Link Consortium Limited, in which
Flughafen Wien AG has a 57.1% holding via its subsidiary VIE (Malta) Limited.
Flughafen Wien AG also provides operating management for Malta Airport and
directly holds a further 10.1% of the shares in Malta Airport through VIE
(Malta) Limited. At present, Flughafen Wien AG's total holding in Malta Airport
equals 32.94%.
The Canadian company SNC Lavalin Inc. also has a holding in Malta Mediterranean
Link Consortium Limited. The objective of Flughafen Wien AG in making this offer
to acquire SNC Lavalin Inc's stake in this joint consortium company is to
increase its total holding in Malta Airport by a further 15.5%. If this offer
were accepted, Flughafen Wien AG's total holding in Malta Airport would reach
more than 48%. The precise structure of the transaction has yet to be decided.
The purchase price offered is EUR 3.00 per share. Upon successful completion of
the transaction its total value would amount to approximately EUR 63 million. In
case of a positive conclusion of the final negotiations, the closing can be
expected within the next six months.
Further inquiry note:
Investor Relations:
Mag. Judit Helenyi (+43-1)7007-23126; j.helenyi@viennaairport.com
Mario Santi (+43-1)7007-22826; m.santi@viennaairport.com
end of announcement euro adhoc
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issuer: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 22826
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
sector: Transport
ISIN: AT0000911805
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English
Original content of: Flughafen Wien AG, transmitted by news aktuell