AENA Privatisation Takes Another Step Forward
Spain has appointed an independent valuer to calculate the complete value of Aena Airports and the companies operating in Madrid-Barajas and Barcelona-El Prat.
The €440,000 contract has been awarded to AFI Consultores de las Administraciones Públicas, who will work alongside international consultant Roland Berger to calculate the value of Aena Airports, including its affiliates and shares, as part of the privatisation of up to 49% of its capital.
The news follows events on Friday when the Spanish government officially agreed to the partial privatisation of the airport operating authority as well as to the privatisation of Madrid and Barcelona airports.
As part of the contract the consultants will also have to make an assessment of the companies operating in the airports of Madrid-Barajas and Barcelona-El Prat.
To make these assessments, AFI will have to make air traffic projections for the next 20 years and the deadlines for the valuations are 1 September for the businesses and 15 September in the case of Aena Airports.
On Friday (15 July), government spokesman Jose Blanco told a news conference that: “The government approved the launching of bids for Madrid’s Barajas and El Prat in Barcelona and the partial privatisation of AENA.”
The transport ministry said in a statement that the call for bids involves more than 90% of the management contracts for the two Spanish airports – €3.7 billion for Barajas and €1.6 billion for El Prat – for 20 years, extendable by a further five years.
It added that the bidding process would be launched on July 30 and completed by the end of November.
The winning group will have three months before taking over the airports, which would likely take place in early 2012.
The government also launched the sale of 49% of Aena, but Blanco said “the completion of the sale as well as the final percentage will depend on market conditions in order to find the maximum value for the company.”