Philippines reviews antitrust case against PIATCo and Fraport
Philippines Department of Justice announced a review of antitrust cases filed against Philippine International Air Terminals (PIATCo) and Fraport for the construction of Terminal 3 at Ninoy Aquino International Airport and violations of unfair competition and monopoly regulations. Fraport shares were 4% higher on Wednesday.
- Philippines Department of Justice reviewing antitrust cases against PIATCo and Fraport for Terminal 3 construction at Ninoy Aquino International Airport.
- Fraport shares rise by 4% following the announcement.
- Private complainant withdraws from the antitrust case against the companies.
- Airports of Thailand reports double-digit increase in traffic movements.
- AoT shares increase by 3.4%.
- Airport shares show overall strength in the market, including OMA and Aeroporto di Venezia.
The private complainant decided to withdraw from the antitrust case he filed against the companies.
Airports of Thailand reported that traffic movements reportedly increased by double-digit levels between 01-Apr-2011 and 17-Apr-2011. AoT shares were up 3.4% on Tuesday.
Airport shares were stronger yesterday, mirroring generally stronger markets. Other movers included OMA and Aeroporto di Venezia.
Selected airport and airport operator share price movements (% change): 20-Apr-2011
