In a move to further expand its foreign airport business, Fraport
this week announced it has acquired Alterra Lima Holdings' 57.25% shareholding
in Lima Airport Partners (LAP), operator of Lima International Airport. As a
consequence, Fraport has increased its stake in LAP from 42.75% to 100%. A portion
of LAP shares will subsequently be sold to other partners, however, Fraport
will retain at least a 60% controlling stake over the long-term.
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