Fraport seeks partnerships for Indian airport projects

According to TNN, ”Christoph Nanke, Senior Executive Manager for Global Investments & Management, stated, “our India strategy is very clear. We want to have at least 26% equity stake in any project that we get involved. In Delhi, we have only 10%, but that is just a door-opener for us into India. We would form joint ventures for greenfield or airport modernisation projects with local players with whom we see a synergy depending on the region… While we are considering various projects, we would prefer to have a package deal where we get the rights for development in a few airports in a particular region”.

Fraport, a German international airport operator, currently holds a 10% shareholding in the GMR-led consortium involved in the modernisation of Delhi International Airport. The company also recently signed a JV agreement with real estate group, DLF, to develop various airport projects including in Chennai.

Date posted: 10-Oct-07.