Airports Investment group Icon acquires 30% stake in Hannover Airport
- Hannover Airport
Frankfurt Airport Services Worldwide (Fraport) has sold its entire 30% stake in the German airport Hannover to Icon Flughafen GmbH.
Hannover Airport is the ninth largest airport by passengers in Germany. It’s the only airport in Northern Germany, which offers 24 hours’ operations.
Now, shares of the airport holding have been sold to a new investor: The British investment group Icon has acquired a 30% stake in Hannover Airport from Fraport. According to a statement by Fraport, the deal is worth over 109 million Euros. The state capital of Hanover and the state of Lower Saxony each hold 35 percent of the other shares in Hanover Airport. The airport is one of five partially privatised international commercial airports in Germany.
"We welcome Icon as a new shareholder - to a phase of major modernization. We are pleased to have a reliable, experienced and complementary shareholder structure. This will enable us to continue our strategy together and to implement important initiatives. In the medium term, terminal modernization and renewal in the apron and runway areas are on the agenda. This investment program is fully supported by all shareholders,” stated airport manager Dr. Raoul Hille.
According to the airport’s press release, Hanover Airport employs more than 1,500 people and provides over 10,000 jobs at the airport location.
Icon is an independent investment group with over €2.5 billion in assets under management. The company focuses on privately held investments in infrastructure assets in Europe and North America.
Source © hannover-airport.de