3-Sep-2012 12:06 PM

ANA privatisation receives government approval, attracts interest

ANA Aeroportos de Portugal is set to be privatised after the Portuguese Government gave its official approval for the sale of 100% of the state's holdings in the company "to one or more investors, domestic or foreign, individually or in grouping", according to a statement by the Portugese Council of Ministers. According to local reports in Expansion and Jornal de Negocios, ANA employees will be sold a maximum of 5% of the company, with the remainder going to the successful bidder. The sale of the Government's stake in ANA was mandated by the terms of the Apr-2011 EU-IMF bailout of Portugal, and has reportedly attracted interest from a partnership between Spain's Ferrovial SA and Portuguese construction firm Teixeira Duarte, as well as from a partnership between Brazil's CCR and Portuguese toll-road operator Brisa. As previously reported by CAPA, the privatisation is expected to be completed by the end of 2H2012.