Subscribe Free
in Business & Finance / Airports

TAV to sell off 40% with French, US and Qatar investors lining up

Posted 5 February 2012 · Add Comment

Reuters has reported that French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent stake in Turkish airport operator TAV Havalimanlari Holding

TAV has won contracts for major airports in North Africa as well as Saudi Arabia. It is also the operator for Istanbul's Ataturk Airport.

It is beleived that other operators in Europeare also keen in taking a stake in the company.

Anaysts stuggest that much of the company's strength lies in its success running non-aviation operations, which have generated increasing amounts of profit. About 57pc of TAV's overall sales come from non-aviation revenue such as duty free and food and beverage.

Also, there is significant opportunity to expand. Turkey has the potential to double annual passenger capacity at airports to 206m, according to San Sener, TAV's chief executive.

Potential buyers are currently looking at the sales information with bids not due until next month.

* required field

Post a comment

Other Stories
Advertisement
Latest News

VIDEO: How busy is Middle East air space

Just how busy is the air space in the Middle East?

Partnerships are vital - Hogan says in Global Aerospace Summit keynote

Etihad Airways and its Abu Dhabi home-base continue to benefit from the airline's strategy of working closely with network partners which, in turn, is supporting economic growth in markets around the world, chief executive James Hogan

Mubadala, Tawazun and EAI to explore joint defence opportunities

Mubadala Development Company, Tawazun Holding and Emirates Advanced Investments (EAI) have signed a memorandum of understanding (MoU) expressing their intent to explore the synergy opportunities that could be created by the

Qatar in $23bn arms order including Apache and NH90 helicopters

Qatar has added to its defence spending with the agreement to buy herlicopters from Boeing and the joint venture NH Industries as well as missiles from Lockheed Martin and Raytheon.

Thales to work with Qatar to develop optionally piloted aircraft

Thales has today signed a memorandum of understanding (MOU) with the Qatar Armed Forces to assist in the development of an Optionally Piloted Vehicle Aircraft (OPV-A), a high performance Intelligence, Surveillance, Target

Space legend Buzz Aldrin to give Global Aerospace Summit keynote address

Buzz Aldrin, the world-famous American astronaut and one of the first men to walk on the moon, will be attending the Global Aerospace Summit in Abu Dhabi as one of the keynote speakers this year.

ARINC
See us at
MEBA 2014Airport Show 2014Global Airport Leaders ForumSofexHelishow 2014Offshore & Onshore Aviation 2014The Emergency Management & Crisis Response SummitMarrakech Airshow 2014Aviation Outlook Middle East 2014