Austria Vienna Airport
Austria Vienna Airport

Airports Group Europe, an oblique subsidiary of IFM International Infrastructure Fund (IFM GIF), has raised its supply for a majority stake in Flughafen Wien (Vienna Worldwide Airport) (VIE) in Austria.

The group now proposes €34 per share with a dividend for as much as 9.99% of shares in Flughafen Wien, up from the earlier supply of €33.

It said that this might be its ‘finest and closing worth’, including that the supply supplies an ‘engaging premium’ for shareholders.

The acceptance interval for the stakeholders has been prolonged by ten buying and selling days.

In June, the group elevated its stake in Vienna Airport to greater than 40%, triggering a compulsory takeover provision.

The most recent supply marks a 29.3% premium to the closing worth of the final buying and selling day earlier than the announcement of the stake improve in June and was in response to revised steerage from the airport.

IFM famous: “Shareholders of Flughafen Wien AG which have accepted the supply through the common acceptance interval (i.e. till 6 October 2022) will be capable to commerce their tendered shares from the sixth buying and selling day after the top of the acceptance interval (i.e. from 14 October 2022) till the third buying and selling day earlier than the settlement.”

Nomura is the monetary adviser for the transaction whereas E+H Rechtsanwälte is serving because the Austrian authorized adviser to Airports Group Europe.

In Could, oil and gasoline producer OMV partnered with Related Power Group to ship sustainable aviation gasoline at Vienna Airport.

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