Vienna airport authority to sell stake in Friedrichshafen airport

Victoria
By Victoria August 5, 2014 08:17

Vienna airport authority to sell stake in Friedrichshafen airport

Vienna Airport (Flughafen Wien AG) has announced it will sell its entire 25.15% stake in Germany-based Flughafen Friedrichshafen GmbH, transferring equal shares to the city of Friedrichshafen and the Bodensee district.

Vienna Airport bought the shares in 2007 for €7.7 million ($10.3 million). The purchase price—adjusted for losses in 2011—now amounts to €2.3 million.

Vienna Airport CEO Julian Jäger previously stated that the airport had planned to sell the Friedrichshafen Airport shares for a long time.

Victoria
By Victoria August 5, 2014 08:17