Portugal: gov't sells ANA airport mgmt agency to Vinci group

For 3 billion euros, bringing privatization income to 6.4 bln

28 December, 14:38

(ANSAmed) - LISBON, DECEMBER 28 - The Portuguese government sold its ANA airport management company to the French Vinci group for 3 billion euros as part of a privatization program agreed to with EU authorities, Treasury Secretary Maria Luis Albuquerque told reporters on Friday.

The 50-year concession includes Lisbon, Porto, Faro, Ponta Delgada, Santa Maria, and Horta airports.

Vinci beat out bids from Germany's Fraport, Australian fund IFM (with a 2.442 billion euro offer), a consortium led by Argentina's Corporacion America (2.408 billion euros) and a group made up of CCR from Brazil, Flughafen Zurich from Switzerland, and GIP (2 billion euros).

The government decided the French offer was the most strategic as well as the highest in monetary terms, Albuquerque explained. The privatization program, including the ANA deal, has brought 6.4 billion euros into public coffers so far, she added. (ANSAmed).

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