VIENNA-IFM Global Infrastructure Fund intends to make an offer
for a minority stake in Flughafen Wien AG (VIEV.VI), the operator
of Vienna International airport, the latter said Monday.
The public voluntary offer will be for a non-controlling
minority stake of between 20% and 29.9% of Flughafen Wien's shares,
with an offer price per share of 80.00 euros ($101.02).
50% of Flughafen Wien's shares are free floating. The airport's
current largest shareholders are the city of Vienna and the
province of Lower Austria, each with a 20% stake. Another 10% is
owned by an employee foundation.
IFM Global Infrastructure Fund mostly comprises institutional
pension funds investing for workers in the U.S., Europe, Canada and
Australia. It invests in a range of infrastructure assets including
telecommunications, electricity and energy, water and waste,
railway, and transportation.
At 0800 GMT, Flughafen Wien shares are trading 15.1% higher in
Vienna at EUR71.00 apiece.
Write to Nicole Lundeen at Nicole.Lundeen@wsj.com
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