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Fraport lower as it pulls out of UK airport bid, AdP and BAA parent also lower, Beijing Airport up


Shares in airports worldwide generally eased yesterday. Fraport, operator of Frankfurt Airport, fell 1.6% as newly appointed CEO, Stefan Schulte, confirmed the airport operator is not interested in purchasing BAA’s London Stansted and Gatwick airports.

Shares in BAA parent, Ferrovial also closed lower, down 2.0% yesterday, as it continue to struggle to find bidders for London Gatwick for its asking price of GBP1.6 billion.

Mexican airport operator, OMA, and Vienna Airport led the declines yesterday, closing down 4.4% and 3.5%, respectively. Vienna was hit by the bankruptcy of LCC SkyEurope.

In the Asia Pacific region, Australia Infrastructure Fund lost the ground it gained on the previous trading day, falling 3.2%, while Chinese airports had a reprieve, led by Beijing Capital International Airport which gained 3.7% yesterday, followed by Shenzhen (+0.5%), Guangzhou (+0.4%) and Xiamen (+0.4%).

Selected airports daily share price movements (% change): 01-Sep-2009

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