[Archive Home][Date Prev][Date Next][Index]

"EU approves Macquarie takeover of Belgian Airport Co"

Monday, December 20, 2004

EU approves Macquarie takeover of Belgian Airport Co
The Associated Press


BRUSSELS, Belgium - The European Union on Monday cleared Australian airport
operator Macquarie Airports' ?745 million (US$ 1 billion) purchase of a 70
percent stake in Belgian airport operator BIAC.

BIAC, which owns and operates Belgium's main Zaventem airport on the
outskirts of Brussels, is currently 63.6 percent owned by the Belgian
government, with the remainder controlled by Belgian banks, insurers, and
holding companies.

The government is keeping a 30 percent stake and said it planned to hold on
to its share. It will get ?352 million (US$ 470 million) from the sale,
which will be used to pay down the country's national debt.

All the private shareholders have sold their stake.

The decision to partially privatize BIAC was made at the beginning of the
year.


 Do you have an opinion about this story?
Share it with other readers in our CAA Discussion Forums

http://www.californiaaviation.org/dcfp/dcboard.php


*****************************************

Prev by Date: "Las Vegas airport hits new heights with 40 million passengers in year"
Next by Date: "Man charged with trying to get a box cutter on plane at Salt Lake City airport"
Index(es):
- Main

Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of political, human rights, economic, democracy and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.html. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. If you have any queries regarding this issue, please Email us at stepheni@cwnet.com