Fraport - Divests Its Stake In Delhi Airport
Sept 9 (Reuters) -Fraport Frankfurt Airport Services Worldwide AG FRAG.DE:
DIVESTS ITS STAKE IN DELHI AIRPORT
FRAPORT IS SELLING ITS ENTIRE 10.0 PERCENT STAKE IN DELHI INTERNATIONAL AIRPORT LIMITED (DIAL) - JOINT VENTURE THAT OPERATES AIRPORT - TO ITS MAJORITY OWNER GMR AIRPORTS INFRASTRUCTURE LIMITED (GIL) FOR A PRICE OF USD 126 MILLION
TRANSACTION SCHEDULED FOR CONCLUSION IN Q1 OF 2025
CURRENTLY EXPECTS THE TRANSACTION TO BE CLOSED WITHIN THE NEXT 180 DAYS, SUBJECT TO APPROVAL IN PARTICULAR BY AIRPORTS AUTHORITY OF INDIA (AAI) AND GIL SHAREHOLDERS
ADDITIONAL CASH INFLOW FROM DIVESTITURE WILL CONTRIBUTE TO FURTHER REDUCING GROUP'S NET FINANCIAL DEBT
Source text for Eikon: [ID:]
Further company coverage: FRAG.DE
(Gdansk Newsroom)
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