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"UK Airport Management and Services Group TBI Confirms Rejection of Vinci Bid"
Monday, September 10, 2001
TBI CONFIRMS REJECTION OF VINCI BID
France - La Tribune
Keith Brooks, managing director of the UK airport management and
services group TBI, has told the French financial press that the
90p-per-share bid lodged for TBI by the French construction and public
works group Vinci is considerably under-priced. The French group made
this hostile bid a fortnight ago. TBI owns a total of eight airports,
including three in the UK. The first of these - in Cardiff - was
acquired in 1995 for GBP42m. The busiest of the eight is London Luton,
which currently handles 6.5 million passengers per year, with a capacity
of 10 million.
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