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Malaysia Airports group wins Istanbul airport deal

Mon Jul 9, 2007 5:26pm EDT

Stocks

   

ANKARA, July 9 (Reuters) - A consortium of Malaysia Airports Holdings (MAHB.KL), India's GMR Infrastructure (GMRI.BO) and Turkey's Limak made a winning bid of 1.9 billion euros for Istanbul's second airport on Monday.

Mergers & Acquisitions

Mete Arslan, chairman of Turkey's Undersecretariat for Defence Industries (SSM) which ran the auction, said the price excluded 18 percent value-added tax.

The winner will build a new international terminal at the Sabiha Gokcen airport on Istanbul's Asian side and operate the airport for 20 years.

The other bidders were:

*Germany's Fraport (FRAG.DE), Turkey's IC Construction

*Turkey's Cukurova, Austria's Julius Meinl Investment, Venice Airport/Save SpA (SAVE.MI)

*Turkey's Mak-Yol Construction, Eti Bakir, U.S-based Airport Property Management

*Turkey's Esas Holding, TAV (TAVHL.IS)

Mergers & Acquisitions


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