Copenhagen pulls out of Hainan
Copenhagen Airports has sold its entire 20% shareholding in
Hainan Meilan International Airport Company, operator of Haikou Meilan Airport,
to Oriental Patron Resources Investment Ltd for approximately USD70 million
on 05-Jun-07. The company stated that the move is part of its strategy to “focus
its activities on the development and operation of Copenhagen International
Airport”, as proceeds will primarily be used to repay debt and fund future
capital expenditure.
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