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Fraport takes control of Lima


In a move to further expand its foreign airport business, Fraport

this week announced it has acquired Alterra Lima Holdings' 57.25% shareholding

in Lima Airport Partners (LAP), operator of Lima International Airport. As a

consequence, Fraport has increased its stake in LAP from 42.75% to 100%. A portion

of LAP shares will subsequently be sold to other partners, however, Fraport

will retain at least a 60% controlling stake over the long-term. [347 words]

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