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Abertis Infraestructuras SA’s Subsidiary Reaches Agreement With Welsh Government For Sale Of Cardiff Airport

Wednesday, 27 Mar 2013 12:43pm EDT 

Abertis Infraestructuras SA (Abertis) announced that its subsidiary, TBI Limited, has reached an agreement with the Welsh Government for the sale of Cardiff Airport for an amount of GBP 52 million (EUR 61 million). This transaction has a neutral impact on Abertis’ income statement as the asset sale price equals the value booked in the Company’s consolidated balance sheet, thus generating no book gains. 

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-0.215 -1.35%
17 Dec 2014