World’s biggest airport company hits the market this autumn

LAST UPDATED: 5 Feb, 2015 @ 16:41
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World’s biggest airport company hits the market this autumn

SPANISH airport company Aena Aeropuertos is set to hit the market this autumn in the biggest privatisation in Europe this year.

Owner of London’s Luton Airport, the company – backed by the Spanish state – is the largest airport operator in the world.

The €8.84 billion (£7 billion) deal has five banks onboard to oversee the listing: Goldman Sachs, Bank of America Merill Lynch, Morgan Stanley, Santander, and BBVA.

The listing saw a tense competition between investment banks to see who would get a stake in the deal.

Prospective banks had just 15 minutes each to convince Spanish government officials that they were worthy to handle the crossover.

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