MAp reported its airports operated in a challenging environment during Mar-2011, affected by natural disasters in Asia Pacific and political unrest in the Middle East and North Africa, as well as the late Easter timing. Shares in MAp were 2% lower in trading on Tuesday.
MAp investment airport traffic highlights in Mar-2011:
- Sydney Airport: 2.97 million, -0.1%;
- Domestic: 2.1 million, +1.3%;
- International: 891,000, -2.7%
- Copenhagen: 1.77 million, +0.1%;
- Domestic: 157,000, -6.4%;
- International: 1.2 million, +3.7%;
- Transfer: 444,000, -62%;
- Brussels: 1.4 million, +9.9%;
- Intra-EU: 891,000, +10.2%;
- Extra-EU: 515,000, +9.4%.
Shares in TAV Holdings jumped 5.5%, following reports that the company believes it will be awarded the tender for the development of Medina airport in Saudi Arabia. The tender is due to be awarded on 02-May-2011.
India's GMR Group completed the sale of a 50% interest in InterGen to a consortium led by China Huaneng Group (Huaneng) for USD1232 million. The transaction has regulatory approvals in each of the jurisdictions where InterGen has operations as well as approval of the Chinese government. The transaction reduces GMR Group’s debt liability by around USD1 billion and would release USD225 million as equity for future investments. GMR Infrastructure shares finished 0.5% lower at the close of trading.
Selected ABD daily share price movements (% change): 19-Apr-2011