Global airport shares mixed on Friday
Airport shares were led lower on Friday by Indian conglomerates GMR Infrastructure (-5.9%) and GVK Power & Infrastructure (-4.4%).
Over the weekend, GMR Group announced plans to divest its shareholding in InterGen NV, a Netherlands-based power generation company, for USD1.23 billion, to improve its balance sheet and divert funds to support Indian power projects.
European airport stocks generally rose, led by Florence Airport (+4.2%) and Vienna Airport (+1.5%).
Selected airport operators/investors daily share price movements (% change): 26-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
Duty free sector stocks were mixed, with Lotte and Dufry falling 1.4% and Stefanel gaining 4.4%.
Selected airport suppliers daily share price movements (% change): 26-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance