Spanish Airport Sale

THE FORTHCOMING privatisation sale of Spain’s two biggest airports, Madrid’s Barajas and Barcelona’s El Prat, valued at €3,7bn and €1.6bn respectively, has attracted several potential buyers.  The country’s Public Works Ministry has confirmed that interested parties include: Germany’s Fraport in partnership with Spanish infrastructure firm Acciona; Spain’s Ferrovial in consortium with CPP Investment, IFM Luxembourg and Infinity Investments; Changi Airports International which had joined forces with Siemens and Spain’s FCC, while the other big European contender is Aeroports de Paris, which is working with GIP Ilex and Az-Argos.  India’s GMR Infrastructure Ltd is unique in requesting pre-qualification for bidding while working alone.  Another two consortiums are reported to be interested in buying just one of the airports.
Spain’s infrastructure development company Abertis is working towards a joint bid with Borealis and Ibervias for Barcelona Airport, while Spanish builder San Jose hopes to bid for Madrid with Cedicor and Global Mirobriga.  As this edition went to press, the Public Works Ministry was reviewing the various parties’ documentation while preparing to announce who will be eligible to bid.
The Spanish Government has said it expects to raise €5.3 billion (US$7.49 bn) from the sales which are expected to go ahead in November.