Mumbai, Nov. 6:
The world’s second largest airport operator, Fraport of Germany, is not
going to exit the Delhi airport by selling its entire 10 per cent stake, as
earlier reported by a section of the media. Joint venture partner GMR Group has
denied the Germany-based Fraport is set to exit.
Some media reports had quoted senior officials of Fraport AG as stating
they were in the process of selling their stake and expected the deal to be
transacted by next June. In a media statement, the GMR Group has stated: “Under
the terms of the agreement, the GMR Group has said, “any request for transfer
of equity by Fraport can be considered after seven years i.e. after May 2013.
Hence, at this stage, the GMR Group is not engaged in any discussion or
negotiation with Fraport on this matter.”
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