05-Mar-2008 11:58 AM
Fraports offshore expansion continues, but core profit remains flat in 2007
Analysis
Fraport has announced that it intends to acquire further shareholdings in airports in China and it is also reportedly considering investment opportunities in Europe and India. Fraport took a stake of 25.4% in Xi'an Airport in 2007 and has signed a letter of intent for a second airport participation in China, with a third in preparation. Fraport has previously expressed an interest in Ningbo Lishe Airport in Zhejiang and Guangzhou Baiyun International Airport.
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