It appears as if the sale of HOCHTIEF AirPort (HTA) is back on the agenda, with the group’s parent company, ACS, looking to do a deal in the next few months.
German construction company HOCHTIEF originally stated its intention to sell its airport business division two years ago, but put the plans on hold in January 2012 due to difficult market conditions.
At the time, China’s HNA Group – the parent company of Chinese airline Hainan Airlines – and France’s Vinci Airports were said to have been close to doing a deal to acquire HTA, which currently has stakes in Athens, Budapest, Düsseldorf, Hamburg, Sydney and Tirana airports.
Fraport and the Deutsche Bank AG (DB) fund RREEF have also previously shown an interested in HTA, which HOCHTIEF is thought to value at around €1.3 billion.
A HOCHTIEF company spokesman told Airport World this week: “We never comment on speculation, but we have always said that it is our aim to sell these assets and that we aren´t under any time pressure [to complete a deal]. Regarding this statement, nothing has changed.”