Luton airport owner reportedly considering stock market flotation

Luton airport owner reportedly considering stock market flotation 

The owner of Luton Airport could become Europe’s biggest stock market listing this year as it gears up to become a listed public company.

State-backed Spanish company Aena Aeropuertos is considering a £7 billion stock market flotation in Madrid, according to theSunday Telegraph.

The newspaper reports the company has appointed a number of investment banks to advise on the deal.

Aena was set to be listed back in 2011 but didn’t go ahead due to Spain’s economy worsening.

Five banks have been chosen to oversee the listing – Goldman Sachs, Bank of America Merrill Lunch, Morgan Stanley, Santander and BBVA.

As part of the deal the Spanish government will sell just under half of the company to new investors.

Aena controls 51 hubs including major Spanish airports such as El Prat in Barcelona and Barajas in Madrid.

Sourced from Travel Weekly

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