MAp suffers separation anxiety, prompting Copenhagen and ASUR falls. Auckland Airport up
Macquarie Airports' (MAp) move last week to internalise its management and separate its control from the overall Macquarie Group was met with a flurry of anticipation and a trading freeze. However, most of the share price gains from earlier in the week were lost on Friday, as intense trading saw MAp's stock lose 6.8%, to finish the day at AUD2.47. Trading this morning saw its share price drop even lower, down to AUD2.37.
Airports with MAp ownership also took a dive, with Copenhagen down 4.6% and ASUR, the Mexican Airport group, down 4.1%.
Auckland Airport (AIAL) saw its share price rise 4.9% on Friday, after recent changes proposed by the New Zealand Government to dilute the Overseas Investment Act raised speculation that part of the airport could be subject to another overseas takeover bid. A partial takeover attempt by the Canada Pension Plan Investment Board for the airport failed mid-way through last year.
Airports of Thailand rose 8.0% in trading on Friday, continuing its recent volatile run.
Selected airports daily share price movements (% change): 24-Jul-09
