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Adani Eyes Italian Airport Stake

31 Jul

Summary

Adani Airport Holdings reached the second bidding round for Catania airport.
Ten global operators are competing for a majority stake in the airport.
The deal for Sicily's largest airport is valued between 500-600 million euros.

Adani Airport Holdings has progressed to the second phase of the bidding process for a majority stake in Italy's Catania airport. The company is one of ten global airport operators and infrastructure investors vying for control. This move signifies Adani's ongoing strategy to broaden its airport portfolio internationally.

The privatization of Catania airport, which is Sicily's largest and Italy's fifth busiest by passenger volume, commenced in 2022. Mediobanca was appointed as the advisor for the transaction. Last year, the deal was projected to be worth between 500 million and 600 million euros. The airport operator, SAC, initiated the sale process for at least a 51% stake in the airport.

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