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Meinl Airports International Ltd.

Meinl Airports International - first phase acquisition of 10.1% in Turkish airports operator TAV Airports Holding

St, Helier Jersey (euro adhoc) -

Operation of Istanbul’s Atatürk airport and further 6 airports in 
Turkey, Tunisia and Georgia Total initial investment of EUR 190 
million TAV’s owners welcome participation of airport experts
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover/Participation
Jersey, 12 November 2007 - Meinl
Airports International Ltd. ("MAI") will acquire a strategic stake of
initially 10.1% in one of the world´s leading airports operators, the
Turkish based TAV Havalimanlari Holding A.S. ("TAV Airports" or 
"TAV"). The participation is underlined by a seat in TAV´s board.
TAV has the right to operate 7 airports in the region, including 
Istanbul´s Atatürk Airport, one of Europe´s largest airports. TAV 
handles a total of more than 30 million passengers annually and total
revenues in 2006 exceeded EUR 400 million. MAI is initially investing
a total of around EUR 190 million, and taking the next decisive step 
in its expansion.
TAV´s President and CEO, Dr. M. Sani Sener welcomes the investment by
MAI: "We are extremely pleased to have a strategic partner as Meinl 
Airports, with acknowledged international airports' expertise. With 
one airport in Russia and plans for massive expansion in Eastern 
Europe, Meinl Airports is a partner of significant strategic 
importance, particularly in the light of TAV's planned future growth 
in the region. We are in a position to make the best possible use of 
the available synergies."
MAI will buy 10.1% of TAV, with a possibility to acquire a further 4%
- further increase intended
MAI´s participation in TAV is initially 10.1%, with a total 
investment of approximately EUR 190 million. MAI gets also a 
possibility to acquire a further 4% in TAV. Roman Himmler, Chairman 
of Meinl Airport Managers Ltd: "The stake in TAV is a major step for 
the future development of MAI. In a single move, we get access to 7 
airports in our target region Central and Eastern Europe and other 
aviation growth markets. We can envisage accumulating a larger 
strategic position in TAV further. Through the strategic cooperation 
agreement with TAV, MAI is acting as a strategic investor, takes 
initially one seat on TAV´s board and will thereby influence the 
strategic decisions in TAV." MAI and TAV also are open to realise new
projects jointly as co-developers and co-investors in the future.
Istanbul´s Atatürk Airport - TAV´s flagship, with 21 million 
passengers in 2006
TAV´s flagship airport - and now MAI´s as well - is Istanbul´s 
Atatürk Airport. In 2006 it handled 21 million passengers, making 
Atatürk one of Europe´s busiest airports. Double-digit passenger 
growth is expected in coming years: Deutsche Bank´s equity research 
report estimated that passenger numbers would reach 37 million in 
2010.
Ankara und Izmir - 2 further major Turkish airports with strong 
business growth
TAV is also the operator of two other Turkish airports - in Ankara 
(4.5 million passengers in 2006) and Izmir (1.5 million passengers in
2006). Deutsche Bank also predicts strong dynamic passenger growth 
for these airports in the coming years.
Tunisia and Georgia - markets of the future
In Georgia, TAV owns a 60% stake in the airports of Tbilisi and 
Batumi with an operating concession until at least 2027. The new 
Tbilisi airport, with a total capacity of 2.8 million passengers per 
annum, commenced operations in February 2007. Batumi Airport, with an
annual passenger capacity of 562,500 per annum, started operations at
the end of May 2007.
In 2007 TAV Airports also received the concession for development and
operation of two Tunisian airports, with operating licences for 40 
years. Operations in Monastir are scheduled to begin in 2008, and 
completion of Enfidha is planned for 2009. More than 5 million 
passengers for the two airports together are expected already in 
2009, and in the long term passenger numbers in excess of ten million
are envisaged.
Impressive revenues from non-aviation business
TAV also generates considerable direct revenues from non-aviation 
businesses amounting in 2006 to approximately EUR 240 million. The 
most important contributions come from the 50% stake in ATU, which 
operates the duty-free zones in TAV airports. TAV also has a number 
of subsidiaries with revenues from ground handling, catering, 
security and other airport related services.
Nadine Gilles, Member of the Board of Meinl Airport Managers, sums 
up: "MAI has achieved a substantial stake in one of Europe´s most 
recognised and biggest airport companies. The fantasy of this 
participation lies in the regional coverage in the growth markets 
from Russia to Turkey and further on across the Middle East into the 
North African rim."
end of announcement                               euro adhoc 12.11.2007 12:51:36

Further inquiry note:

Herbert Langsner
0664 - 182 74 91

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wiener Börse AG / Third Market

Plus de actualités: Meinl Airports International Ltd.
Plus de actualités: Meinl Airports International Ltd.
  • 29.08.2007 – 13:11

    Meinl Airports International:

    Liquid assets securely invested on the money market First project still in this quarter Net asset value of the share at EUR 9.30 ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies St, Helier Jersey (euro adhoc) - Jersey, 29. August 2007. Meinl Airports International has liquid assets in the amount of EUR 620m currently, which have been invested as following: Approximately EUR 510m of the assets ...