German airport operator Fraport has confirmed that it is in the bidding to buy the international airport portfolio of HOCHTIEF AirPort (HTA).
A spokesman for the group, which operates Frankfurt Airport, confirmed that the company was in the bidding process for HOCHTIEF’s airport “package”.
Fraport has entered a joint bid with a Deutsche Bank fund to buy a stake in HOCHTIEF’s Concessions unit, which comprises of airports as well as the construction of roads, schools and hospitals.
Fraport said that it had no interest in HTA’s domestic airports – which include Duesseldorf and Hamburg – but that it’s strategy was to grow its international presence.
According to Reuters, HOCHTIEF has said it wanted to divest its Concessions unit gradually starting with the airports business, as it focuses on the services and maintenance sector.
Meanwhile, last week HNA Group, the parent company of Chinese airline Hainan Airlines, revealed it was also bidding for HOCHTIEF AirPort, which, according to reports in the Wall Street Journal, it valued at more than €1 billion or $1.42 billion.
HOCTHIEF AirPort currently has stakes in six airports worldwide, including Athens, Budapest, Düsseldorf, Hamburg, Tirana and Sydney.
Speaking exclusively to Airport World earlier this summer, Reiner Schrankler, chairman of HOCHTIEF Concessions’ executive board and CEO of HTA, said: “All out airports benefit from prime catchment areas.
“Either they are capital airports like Athens, Budapest or Tirana with a strong passenger base, gateway airports like Sydney and Hamburg or airports in densely populated areas like Düsseldorf.
“We also prefer to invest in airports that require heavy investments, for example, brown and Greenfield gateways.”
HOCHTIEF has remained tight-lipped as to the future shape and direction of HTA post–sale, but what is clear is that its shareholdings offer significant potential, especially for other airport investors.