Sale process of Ljubljana Airport starts

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Sale process of Ljubljana Airport starts

The financial advisor for the sale of Aerodrom Ljubljana, Slovenia's main airport, issued a call for an expression of interest for a 75.5% stake in the company last Thursday.

The airport sale is part of a major privatization program currently undertaken by the national government that will see the privatization of 15 companies.

Media reports suggested that the operator of the nearby Venice and Treviso airports, SAVE S.p.A., was interested in acquiring the company. The KD Fund, a minority shareholder, said operators of Venice, Istanbul, Frankfurt, Zurich and Vienna airports, as well as Chinese companies and private funds, have shown interest.

According to data from January, nearly 69% of the company is controlled by the state (50.67% directly, the rest through state-owned funds and companies). The rest of the 75.5% stake on sale is being sold by smaller stakeholders.

The company reported 2013 H1 revenues of €14.84 million, up almost 2% over the year before. Net profit was up 50.3% to €2.98 million.

According to KPMG, the financial adviser in the sale:

"The airport is profitable and without debt. Taking into consideration its location, modern infrastructure and the possibility to expand, as well as a balanced combination of clients and destinations, the Ljubljana airport is a unique investment opportunity."

The sale advertisement was published on business newspaper Finance.

The airport company is know to have created provisions of tens of millions of euros in recent year for the building of a new terminal. However,  the project was put on hold with votes from small shareholders in September 2013.

Share this news