Africa Private Sale: Airports Company South Africa

Article Abstract:

Aeroporti di Roma beat out several other bids for a 20 percent stake in Airports Company South Africa (ACSA) in a groundbreaking deal that set a new trend in airport privatization. The privatization process in South Africa had been moribund; the only preceding deal was the sale of a 30 percent stake in Telekom SA. ACSA generated much more investor interest, and the move was completed according to a strict timetable. Transport Minister Mac Maharaj noted that the airports had strong prospects and had been performing well. The unique deal structure was also attractive, offering the strategic equity partner a 20 percent initial stake and an option to purchase another 10 percent at the initial public offering, as well as extra scope for financial co-investors. A team with members from government, ACSA management and labor unions evaluated the final bids.

Asset sales & divestitures, Government domestic functions, Contracts & orders received, Africa, Mergers, acquisitions and divestments, Investments, Aeroporti di Roma Societa per la Gestione del Sistema Aeroportuale della Capitale, Airports Company South Africa

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Mexican airports seek partner

Article Abstract:

The Mexican government is offering a 15% share in the Southeast Group of 10 airports, which offers a 50 year automatically renewable concession. The sale of the strategic share is to be followed by a 80% share offering in early 1999. The sale of the remaining airports, which have been reorganised into the Pacific Group, North-Central Group, and Mexico City, will follow. Separately, the Mexican government has completed the sale of the Southeast Railroad.

Railroads, Rail Transportation, Mexico, Southeast Group Corp., Southeast Railroad

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New attempt on Argentine airports

Article Abstract:

Argentina is making new attempts to privatize its domestic and international airports, with the aim of cutting down the role of the armed forces, and improving transport effeciency. The privatization plan would divide the country into two air regions, with the winning tenders sharing the 57 main airports and 27 secondary airports. Interest has already been shown by British Airports Authority, AENA of Spain and Perez Companc.

Argentina

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