Viadukt to sell Zagreb Airport share
NEWS FLASH
Viadukt, one of the six shareholders in Zagreb Airport International Company (ZAIC), which manages Croatia's busiest airport, is selling its entire 5.11% stake in the consortium. The Croatian construction company is selling its shares for a minimum of seven million euros. Interested parties had until early December to submit their bids. Once the highest bidder is selected, the process is expected to take some time to complete. The transaction must be in accordance with UK law, where ZAIC is registered, and must be approved by all other shareholders. The new owner will also take on all of Viadukt's obligations within the consortium, including loan repayments. 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 company recently named Huseyin Bahadır Bedir as its new CEO.
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