Schiphol picks co-ordinators for IPO

Article Abstract:

ABN Amro Rothschild and Credit Suisse First Boston have been named lead underwriters in Schiphol Airport's initial public offering (IPO) of stocks. The Dutch government intends to sell part of its 75.8% stake in the airport but has not announced a timetable for the IPO or the amount to be raised from it. The government adds that these two factors would be determined by market conditions. Schiphol would become a private entity once it conducts its IPO but would remain under government regulation.

Investment Banking and Securities Dealing, Investment Banking, New orders received, Investment banks, Credit Suisse First Bostn

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Schiphol interim results disappoint

Article Abstract:

Amsterdam Schiphol Airport's operating income for the first six months of 2000 dropped by 9.1% to 93.5 milion euros compared to same period in 1999. The airport attributes this disappointing performance to the abolition of the duty-free shopping for passengers travelling within the European Union. It is also influenced by an increase in ICT expenses and ICT provision, cost related to the intended privatization, and higher depreciation charges.

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Schiphol heads for sell off

Article Abstract:

The Schiphol Airport in Amsterdam, the Netherlands, has requested the Dutch government to commence selling its 75.8% ownership in the Schiphol Group to pave the way for the full privatization of the airport. The proposed privatization will complement the Dec 1998 ruling that permits the Schiphol Airport to improve by 20,000 flights annually to 2002, provided it would not contribute to the increase in noise pollution.

Asset sales & divestitures, Schiphol Group

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