Corp. America Weighs Brazil Airports, Plans Florence Runway - Bloomberg:
Fresh from selling a 25 percent stake in its Italian operations, Corporacion America Airports SA said it may bid on new airport projects in Brazil and plans to start construction on a new runway in Florence. Shares gained the most in two months.
The expansion at the Florence airport will allow larger planes to land in one of the country’s prime tourist destinations, Chief Executive Officer Martin Eurnekian said in an interview. On Friday, construction will start on an extension of the Pisa airport terminal, he said.
Buenos Aires-based Corp. America sold a quarter of its stake in its Italian company to Investment Corp. of Dubai and formed an alliance to explore additional opportunities with the sovereign wealth fund on Wednesday. ICD paid EUR48.9 million ($56.9) for its stake. Shares in Corp. America rose as much as 10 percent to $11.69 per share on Thursday.
No comments:
Post a Comment