Spain's Government could reportedly receive bids from as many as 12 banks to advise on its planned sale of a 49% stake in Aeropuertos Espanoles y Navegacion Aerea (AENA) (Expansion/Bloomberg, 02-Jun-2011). The banks may reportedly include Royal Bank of Scotland Group Plc, BNP Paribas, UBS AG, JPMorgan Chase & Co, Morgan Stanley and Barclays Plc. Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA may reportedly not present offers.
Government could reveive bids from up to 12 banks on AENA stake sale
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Ryanair has been the largest airline by seats in Spain since 2013, the result of its own growth and also of second ranked Iberia's restructuring. IAG's other Spanish airline – the fast-growing Vueling – has been the country's number three ranked airline since 2010, pushing Air Europa into fourth. Madrid has remained Spain's largest airport, but Barcelona's growth has outpaced Madrid's. Spain's airport operator AENA is benefiting from double-digit growth this year, but airlines are suffering yield declines.
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