Loading
3-Dec-2010 11:49 AM

Fraport considers investing in Madrid Barajas, Barcelona El Prat

Fraport spokesman Thomas Uber stated the company is examining investment opportunities at Madrid Barajas and Barcelona El Prat Airports following Spain's decision to privatise the country's largest air traffic hubs (Dow Jones, 02-Dec-2010). He stated: "At the moment, we are examining the parameters, like we do with other possible investments". He added that it has been aware for some time of the Spanish Government's privatisation plans. Spain's Prime Minister Jose Luis Rodriguez Zapatero on 01-Dec-2010 announced the government plans to privatise the airports under a licence system. Both hubs have been remodelled recently and expanded to absorb increased passenger traffic in coming years.