Viadukt fails to sell Zagreb Airport shares
NEWS FLASH
Viadukt, one of the six shareholders in Zagreb Airport International Company (ZAIC), which manages Croatia's busiest airport, has failed to sell its 5.11% share in the consortium. The Croatian construction company was aiming to sell its shares for a minimum of seven million euros. However, there were no interested buyers. The company has said it will announce a new public call for the sale and will maintain the same initial price. Viadukt's bankruptcy manager, Milorad Zajkovski, said he was surprised that no one had come forward to purchase the shares, especially among those who already form part of the consortium. ZAIC is currently made up of Aeroports de Paris Management (20.77%), Bouygues Batiment International (20.77%), Fond Marguerite (20.77%), IFC (17.58%), TAV Airports (15.0%) and Viadukt (5.11%). The potential buyer would be required to take on all of Viadukt's obligations within the consortium, including loan repayments. Viadukt entered bankruptcy proceedings in October 2017.
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