Hastings Funds to sell stake in HAC; Hellenic Duty Free Shops shareholders approve merger
- Mexico's ASUR reports a 1.0% increase in passenger traffic in October 2010, with domestic numbers down by 1.8% and international numbers up by 3.4%.
- Hastings Funds Management plans to sell its 50% stake in Hochtief Airport Capital (HTAC), worth USD 377.4 million, which will assist Hochtief with the sale of its concessions unit.
- Hochtief shares gained 4.3% following the news of the potential sale of its concessions unit.
- Do & Co shares experienced an 18.2% increase after being listed on the Istanbul Stock Exchange.
- Hellenic Duty Free Shops shareholders approved the proposed merger with FOLLI FOLLIE and ELEMEC, resulting in an increase in share capital to EUR 18.2 million.
- Share prices of selected airport suppliers experienced daily fluctuations on December 6, 2010.
- Passenger numbers: 1.2 million, +1.0%;
- Domestic: 568,576, -1.8%;
- International: 657,812, +3.4.
Hastings Funds Management reportedly plans to sell its 50% stake in Hochtief Airport Capital (HTAC). The 50% stake is worth USD377.4 million and is expected to help builder Hochtief with the sale of its concessions unit. Meanwhile, Hochtief shares gained 4.3%.
Do & Co shares were up 18.2% on Monday (06-Dec-2010). Do & Co shares were listed on the Istanbul Stock Exchange on 03-Dec-2010.
Selected airport operators/investors daily share price movements (% change): 06-Dec-2010
Hellenic Duty Free Shops (+2.3%) announced (06-Dec-2010) shareholders approved the proposed merger of Hellenic with FOLLI FOLLIE and ELEMEC, through the absorption of the companies by Hellenic. Shareholders also approved an increase in the share capital of Hellenic to EUR18.2 million, divided into 60.6 million new, dematerialised shares with a par value of EUR0.30, due to the merger.
Selected airport suppliers daily share price movements (% change): 06-Dec-2010
