Spain to sell 49 percent of state airport operator

Spain to sell 49 percent of state airport operator
A total 28 percent of AENA would be floated in an initial public offer and another 21 percent placed directly with investors, the minister said. Photo: Armando G Alonso/Flickr
Spain's government announced on Friday it has agreed to sell a 49-percent stake in the state-owned airport operator, AENA.

"Today we approved launching the operation," the minister for public works, Ana Pastor, told a news conference after a ministerial meeting.

A total 28 percent of AENA would be floated in an initial public offer and another 21 percent placed directly with investors, the minister said.

Pastor stressed that AENA would nevertheless remain a state-owned organization, with the government holding 51 percent.   

Spain, which lived through a construction boom that collapsed in 2008, has 49 commercial airports for international flights, the most of any country in Europe.

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