EANS-Adhoc: Flughafen Wien AG Ad-hoc information from Flughafen Wien AG on the
increase of its holding in Malta Airport
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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other/Increase of holding of Flughafen Wien AG in Malta Airport
01.02.2016
Ad-hoc information from Flughafen Wien AG on the increase of its holding in
Malta Airport
Flughafen Wien AG hereby announces the signing of a share purchase agreement to
acquire SNC-Lavalin Group Inc.'s indirect stake in SNC-Lavalin (Malta) Limited
("SNCL Malta"), subject to the fulfilling of certain closing conditions by both
parties. SNCL Malta has a 38.75% interest in Malta Mediterranean Link Consortium
Limited ("MMLC") which in turn has a 40% interest in Malta International Airport
plc ("Malta Airport"). Upon reaching financial close, the total consolidated
holding of Flughafen Wien AG in Malta Airport will be more than 48%.
The total value of the transaction amounts to approximately EUR 63 million,
equivalent to EUR 3.00 per Malta Airport share, subject to working capital
adjustments.
Since the privatisation of Malta Airport in 2002 Flughafen Wien AG has held a
57.1% stake in MMLC via its subsidiary VIE (Malta) Limited. Flughafen Wien AG
also provides operating management for Malta Airport and directly holds a
further 10.1% of the shares in Malta Airport through VIE (Malta) Limited. Before
the transaction Flughafen Wien AG's total direct and indirect holding in Malta
Airport equalled in 32.94%.
By acquiring SNC-Lavalin Group Inc.'s indirect stake in MMLC, Flughafen Wien AG
will increase its total indirect holding in Malta Airport by a further 15.5%.
Thus, Flughafen Wien AG's total consolidated holding in Malta Airport will reach
more than 48%.
The precise structure of Flughafen Wien AG holdings in Malta Airport will be
disclosed upon closing.
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Company information:
Malta Airport is operated by Malta International Airport plc, which is
registered in Malta. Its shares are listed on the Malta Stock Exchange. 20% of
the shares in the company are held by the Government of Malta. The airport
handled over 4.6 million passengers in 2015.
Founded in 1911 and listed on the Toronto Stock Exchange, SNC-Lavalin Group Inc.
is one of the leading engineering and construction groups in the world and a
major player in the ownership of infrastructure with offices in over 50
countries.
Vienna Airport, Austria's largest airport, handled 22.8 million passengers in
2015. Listed on the Vienna Stock Exchange, the company generated revenues of EUR
630.2 million in 2014. In addition to its holding in Malta Airport, Vienna
Airport also holds 66% of Kosice Airport in Slovakia. The airport site has over
230 companies with 20,000 employees, including approximately 4,400 employees
just at Flughafen Wien AG, making it one of the largest employers in Eastern
Austria.
Further inquiry note:
Investor Relations:
Mag. Judit Helenyi (+43-1)7007-23126; j.helenyi@viennaairport.com
Mario Santi (+43-1)7007-22826; m.santi@viennaairport.com
end of announcement euro adhoc
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issuer: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 22826
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
sector: Transport
ISIN: AT0000911805
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English
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