Singapore Changi Airport reportedly announcing plans to acquire Clessidra Sgr’s stake in GEMINA. Shares in GEMINA, the holding company that controls Aeroporti di Roma Spa (which was formerly under the MAp stable), lost 1.6% yesterday.
Changi Airport reportedly made a USD42 million offer for the 2.7% stake. This is reportedly less than Clessidra is seeking. GEMINA investors request Clessidra/Changi complete the transaction by 28-Feb-2010, when the current shareholder agreement expires. Changi would replace Clessidra in the new investors’ accord, which will be renewed for three years.
GEMINA has been subject to much speculation this week regarding its ownership, with reports earlier this week that the Benetton family, the largest shareholder in GEMINA, plans to restructure its shareholdings. The Benetton family holding company, Edizione Srl, operates in the infrastructure sector through its subsidiary, Investimenti Infrastrutture, which holds a 29.35% holding in GEMINA. Edizione also operates in the retail sector, with a shareholding in Autogrill, which lost 0.8% in trade yesterday,
South Pacific airport shares lower
In the South Pacific region, shares in Auckland Airport dipped 0.5% yesterday, in the first trade of trade since its trading halt was lifted.
Across the Tasman, shares in MAp, majority shareholder in Sydney Airport (82.93%), also closed lower yesterday (-0.7%). See CAPA’s separate perspective on Sydney Airport, featured in the Feb-2010 edition of Airport Investor Monthly: Australia’s Sydney Airport shows resilience amid the downturn.
Airport Business Daily also features the latest traffic and financial highlights:
- ACI reports 3% fall in 2009 pax numbers;
- Guiyang Airport reports 4% increase in Jan-2010 pax;
- Tianjin Airport report 33% rise in Jan-2010 pax;
- Birmingham Shuttlesworth Airport reports 6% fall in 2009 pax numbers;
- Washington Dulles International Airport reports 3% fall in 2009 pax numbers.
Selected airports daily share price movements (% change): 03-Feb-2010