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30-Mar-2016 9:58 PM

Flughafen Wien AG announces share purchase agreement to acquire more than 48% in Malta Airport

Vienna International Airport holding company Flughafen Wien AG announced (30-Mar-2016) a share purchase agreement to acquire SNC Lavalin Invest's indirect stake in Malta International Airport (MIA). SNC Lavalin Invest subsidiary SNCL Malta has a 38.75% stake in Malta Mediterranean Link Consortium Limited (MMLC), which has a 40% interest in MIA. The acquisition brings the Flughafen Wien AG stake in MIA to more than 48% and the stake in MMLC to more than 95%. Flughafen Wien AG EBITDA is projected to amount to EUR310 million instead of EUR280 million and the net profit for the period before non-controlling interests is forecast to rise from EUR105 million to "at least" EUR115 million. [more - original PR]

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