My Account Menu

CAPA Login

Register to trial CAPA Membership!

MAp and Australian Infrastructure Fund down, Fraport and Aeroports de Paris up on contract wins


Shares in Australia’s MAp (-5.2%) and Australian Infrastructure Fund (-3.4%) started the week on a low, losing significant ground after closing last week on a high.

Australian Infrastructure Fund yesterday reported full traffic highlights for all its investment airports for the three months ended 30-Sep-2009, which showed weaker than expected traffic growth across its portfolio of airports:

MAp announced yesterday that its latest subscription offer is oversubscribed. The offer will see AUD670 million in fresh funds, which will be used to replenish MAp’s cash reserves following the payment to Macquarie Group for its management rights. MAp expects to issue approximately 155.1 million new stapled securities.

Infratil exercises put option for Lübeck Airport

New Zealand’s Infratil exercised its put option for its 90% shareholding in Germany’s Lübeck Airport, transferring ownership in the airport to the City of Lübeck on 02-Nov-2009. The exercise price of the put option is approximately EUR25.5 million, with payment due in early Nov-2009.

Fraport and Aerorports de Paris wins major contracts

Shares in Fraport and Aeroports de Paris rose 1.1% and 1.6%, respectively, in trading yesterday.

Germany’s Fraport signed a 30-year public-private partnership agreement to develop, reconstruct and operate Russia’s St Petersburg Pulkovo Airport, in conjunction with the Northern Capital Gateway consortium, on 30-Oct-2009. Under the agreement, Fraport will hold a 35.5% stake in the airport.

Meanwhile, France’s Aeroports de Paris has been awarded a USD42.5 million contract to carry out studies on a proposed airport in Baghdad.

Selected airports daily share price movements (% change): 02-Nov-2009

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.