Sunday, July 22, 2007

Dubai Aerospace Agrees to Acquire a Controlling Stake in Auckland Airport

(Bloomberg) -- Dubai Aerospace Enterprise, an
airport and aviation company owned by the Persian Gulf sheikdom,
agreed to buy a controlling stake in Auckland International
Airport Ltd., New Zealand's busiest gateway.

Auckland Airport shareholders will receive as much as
NZ$3.80 a share, 15 percent more than the stock traded at before
the offer, the company said in a statement today. The offer
values Auckland Airport at NZ$5.6 billion ($4.5 billion)
including stock, cash and debt, and is recommended by the board.


Read more at Bloomberg Emerging Markets News

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