29-Aug-2005 10:11 AM
Fraport receives takeover offer for its share in Manila business
Analysis
FRANKFURT (Fraport) - A Philippine company has made a preliminary $200 million offer to purchase Fraport AG's shares in PIATCO, the operating company of Manila international airport's Terminal 3, and its shares in the other joint-venture companies: PTI, PTH and PAGS. Fraport AG accepted this offer on August 26.
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