7-Sep-2011 11:46 AM

Three bidders remain in Hochtief Airports sale

Germany's Hochtief said there are three bidders remaining in its sale of its airports interests, with the sale price expected to be more than EUR1.3 billion, according to a Reuters report. Vinci, HNA and a consortium of Fraport and Deutsche Bank fund, RREEF, are reportedly all offering around the same amount for the assets, which include Hochtief's stakes in airports in Athens, Budapest, Dusseldorf, Hamburg, Sydney and Tirana. A consortium comprising Allianz and Global Infrastructure Partners (GIP) is reportedly no longer in the running.

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