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Spain's AENA appoints banks for IPO

Source: Reuters - Tue 22th Jul 2014
Spain's AENA appoints banks for IPO

Spain's state-owned AENA has appointed banks Santander, BBVA, Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to run its stock market offering, a spokeswoman for the airport operator said on Tuesday.

Spain is selling about 49 percent of heavily indebted AENA, the world's biggest airports operator, which the government says is valued at around EU16 Billion.

The government has said the aim of the sale is to make management of the company more efficient and attract more tourist flights.

Recommended Reading :

* Spain fixes airport tariffs until 2025

* Spain's AENA on/off privatization candidate posts 2013 profit

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