ACS Global of Spain's subsidiary Hochtief AG has received offers for its airport unit according to a report Monday from Reuters. This report cited two anonymous sources who had knowledge on the matter.
The report further said that Deutsche Bank AG would be managing the sale and is expected to generate nearly Eur1.2 billion as proceeds for the sale. The asset includes airports that serve Budapest and TIrana in Romania, Hamburg and Dusseldorf and Hamburg in Germany, Sydney in Australia and Athens in Greece.
Offers have been received from Fraport, the operator of the Frankfurt Airport, Global Infrastructure Partners Ltd, operators of London City and Gatwick airports, Brookfield Asset Management of Canada and Allianz, the French insurance giant, have made offers for the asset. Another bidder had entered an offer for just the company's German operations.
Allianz, Fraport and Hochtief did not make any comment to Reuters while GIP and Brookfield were not available for comments.
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