Fraport AG

euro adhoc: other
Fraport AG Frankfurt Airport Services Worldwide is selling its subsidiary ICTS

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Sale of Subsidiary

28.02.2008

Fraport AG is selling its wholly-owned ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds. Under the contract signed today, a purchase price of EUR 100 million has been agreed, payable by the purchaser once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser.

ICTS Europe Holdings B.V. has been a wholly-owned subsidiary of Fraport AG since 2002 and is now active at about 81 locations in 24 countries. With a staff of about 10,100, the company focuses its operating business on providing security control of passengers at various airports - excluding Frankfurt and Frankfurt-Hahn. For the year 2007, ICTS Europe Holdings B.V. reports revenues of about EUR 320 million.

end of announcement                               euro adhoc
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Further inquiry note:

Stefan J. Rüter
Telefon: +49(0)69 690-74840
E-Mail: s.rueter@fraport.de

Branche: Transport
ISIN: DE0005773303
WKN: 577330
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

Original-Content von: Fraport AG, übermittelt durch news aktuell

Weitere Meldungen: Fraport AG

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