Aerodom sold to Vinci of France
Advent International, a private equity firm has announced that it will be selling its majority shareholding in Aerodom (Dominican Airports XXl Century), which administers six out of the nine airports in the country via a government concession, which lasts until 2030.
The shares have been sold to a French company, Vinci Airports and the transaction and transfer will take place by the end of the first quarter of 2016.
Vinci has announced that this acquisition will increase the total number of airports it operates to 33, which include 11 in France, 10 in Portugal, three in Cambodia, one in Chile. The company has just been selected to operate two in Japan.
Advent said that the sale process included inviting three international airport operators to visit the country to learn about the infrastructure and the regulatory authorities in the country. The potential purchasers also examined the data on tourism and learned about the government policies in relation to foreign investment and the business environment.
Aerodom director general Monika Infante Henriquez said that Vinci was chosen not only for the best proposal but also for being a global player in the airport administration marketplace, which will enable the Dominican Republic to make the most of the experience they had to offer.
Source: DR1, Listindiario
Dec 15, 2015
Category: DR News |