Vinci Still Interested In Hochtief's Airport Assets

November 22, 2011

Bookmark and Share

French construction group Vinci is still interested in airport assets, including those of German rival Hochtief, a Vinci spokesman said on Tuesday.

"(CEO) Xavier Huillard said in June the group was interested in Hochtief's airports concessions. This is still the case," the spokesman said. "Vinci is still interested in airport assets, Hochtief's concessions included."

Earlier on Tuesday, a spokesman for Hochtief said it was still in talks with more than one bidder for its airports business, denying a report in a Spanish newspaper.

Expansion earlier reported, without citing sources, that China‚Äôs fourth-largest airline group HNA is in exclusive talks with Hochtief, majority owned by Spain's ACS, to acquire its stakes in six airports, for which it could pay EUR€1 billion (USD$1.35 billion).

Sources have told reporters that HNA Group and Vinci are contenders for the unit, both with offers of almost EUR€1.5 billion.