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Spain says no going back on AENA IPO

Source: Reuters - Tue 28th Oct 2014
Spain says no going back on AENA IPO

Earlier on Tuesday a Spokesman for the Spanish Government announced that there was no going back on the partial privatisation of airport operator AENA but market conditions had to be taken into account.

The price range for the listing was "more than reasonable" at 10 times earnings before interest, tax, depreciation and amortisation (EBITDA), said Alvaro Nadal, senior economic adviser to Prime Minister Mariano Rajoy, speaking at a conference in Madrid.

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