Abstracts » Business, international

National interest wins in Rome

Article Abstract:

IRI has awarded the Italian Leonardo consortium with a US$1.24 billion privatization contract. The consortium, consisting of investment holding company Gemina, construction company Impregilo, Italpetroli and utilities company Falck, has paid around 17 times the 1999 earnings before interest tax depreciation and amortisation for the airport company. The transaction is said to be the most lucrative yet in airport privatization contracts.

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Hermes bids for Rome airport company sell-off

Article Abstract:

The Hermis consortium has expressed its interest in the privatization of Rome airport firm Aeroporti di Roma. The group is composed of Edizioni Holding, Pirelli and Caltagirone. Sao Paolo IMI and Banca Commerciale Italiana have signified their intention to join Hermes. Another group headed by UK airport operation BAA has also expressed its interest in Aeroporti's privatization. The group includes Industriale Reunite and Banca di Roma.

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Malaysian Airports to list on the stock exchange

Article Abstract:

Malaysian Airports Berhad (MAB) plans to go public by offering 49% of its shares of stock via the Kuala Lumpur Stock Exchange. The Malaysian government-owned firm will allocate 30% of the shares, which will be sold in tranches by tender to the highest bidder, to international investors. MAB is an airport management firm whose profits for FY1998 reached RM340 million.

Malaysia, Malaysian Airports Bhd.

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