spanish airport operator aena surges 1571 in market debut
Last Updated : GMT 22:55:31
Arab Today, arab today
Arab Today, arab today

Spanish airport operator AENA surges 15.71% in market debut

Arab Today, arab today

Arab Today, arab today Spanish airport operator AENA surges 15.71% in market debut

Spanish airport
Madrid - AFP

Shares in Spain's AENA, the world's biggest airport operator by passenger numbers, jumped 15.71 percent to 67.11 euros in their first day of trading on Wednesday on the Madrid stock market.
The strong demand for the partial privatisation of AENA, Europe's biggest stock market listing since 2011 according to analysts, is a fresh sign of a surge in investor appetite for Spanish assets after six years of economic crisis.
State-owned AENA on Tuesday priced shares in its initial public offering at 58 euros per share, valuing the firm at 8.7 billion euros ($9.8 billion).
AENA said at the time the offer was almost five times over-subscribed, which allowed it to set the price for the share listing at the very top of the 53-58 euros range it set last week.
The company runs 46 airports and two heliports in Spain and another 15 in Latin America, the United States and Europe, including London's Luton.
It handled nearly 196 million passengers last year, a 4.5 percent increase over 2013.
Hit hard by Spain's economic downturn, the operator underwent a massive overhaul which included firing 20 percent of its workers and a rise in airport taxes that have helped restore it back to financial health.
The company reported a net profit of 596.7 million euros ($689.1 million) for 2013, emerging from a net loss of 63.5 million euros the previous year.
Results for 2014 are not yet available, but AENA said its revenues rose 6.4 percent during the first nine months to 2.39 billion euros thanks to a rise in airport traffic as Spain's economy picked up and stronger sales from duty free shops.
AENA fixed the size of the offering at 44.55 percent of its capital, an amount that can be raised to 49 percent if an over-allotment option is exercised.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish airport operator aena surges 1571 in market debut spanish airport operator aena surges 1571 in market debut

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish airport operator aena surges 1571 in market debut spanish airport operator aena surges 1571 in market debut

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday