Sale process of Ljubljana Airport starts

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Sale process of Ljubljana Airport starts

The financial advisor for the sale of Aerodrom Ljubljana, Slovenia's main airport, issued a call for an expression of interest for a 75.5% stake in the company last Thursday.

The airport sale is part of a major privatization program currently undertaken by the national government that will see the privatization of 15 companies.

Media reports suggested that the operator of the nearby Venice and Treviso airports, SAVE S.p.A., was interested in acquiring the company. The KD Fund, a minority shareholder, said operators of Venice, Istanbul, Frankfurt, Zurich and Vienna airports, as well as Chinese companies and private funds, have shown interest.

According to data from January, nearly 69% of the company is controlled by the state (50.67% directly, the rest through state-owned funds and companies). The rest of the 75.5% stake on sale is being sold by smaller stakeholders.

The company reported 2013 H1 revenues of €14.84 million, up almost 2% over the year before. Net profit was up 50.3% to €2.98 million.

According to KPMG, the financial adviser in the sale:

"The airport is profitable and without debt. Taking into consideration its location, modern infrastructure and the possibility to expand, as well as a balanced combination of clients and destinations, the Ljubljana airport is a unique investment opportunity."

The sale advertisement was published on business newspaper Finance.

The airport company is know to have created provisions of tens of millions of euros in recent year for the building of a new terminal. However,  the project was put on hold with votes from small shareholders in September 2013.

List of country news

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  • June 10, 2014

    More than 20 bids for Slovenia airport

    More than twenty companies have expressed interest to purchase a 75.5% stake in Slovenia's largest airport Ljubljana Jože Pu?nik. Read more
  • July 08, 2014

    Slovenia stops privatization of Liubliana airport

    The Slovenian Government has decided to halt any privatisation process until  the appointment of the new government. This will affect the privatization of Slovenia's largest airport Ljubljana Jože Pu?nik. Read more
  • July 29, 2014

    Vinci submits final bid for Ljubliana airport stake

    VINCI has offered €96.7 million for a 75.5% stake in Ljubljana Jože Pu?nik Airport, the international airport of the capital of Slovenia. Read more
  • August 15, 2014

    Fraport enters exclusive negotiations for Ljubljana airport

    Slovenia's state investment firm SDH said last week it would start exclusive negotiations over Ljubljana airport with Germany's Fraport. Read more
  • September 09, 2014

    Fraport signs acquisition of Ljubliana airport

    Fraport AG and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement for the purchase of Ljubljana Airport (LJU) in the capital city of Slovenia, southeastern Europe. Winning against strong international competition in a closed bidding process on July 4, Fraport was selected by the seller side to participate in exclusive negotiations on the sale of Aerodrom Lubljana d.d., the company that operates the airport. Read more

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