Australian pension fund to bid for Vienna airport after stakes rise | Aici

BERLIN, June 13 (Reuters) – Australian pension fund IFM International Infrastructure Fund (IFM GIF) will make a compulsory takeover supply for Vienna Airport AG ( VIEV.VI ) after rising its stake within the pandemic-hit airport operator to greater than than 40%, stated on Monday.

IFM GIF, a long-time investor, stated on Monday it might subject 33 euros ($34.51) per share however added that it didn’t need a majority and didn’t anticipate the Metropolis of Vienna, the state of Decrease Austria or Worker. Hope to promote their share.

The Austrian capital and a neighboring state personal 20% every, with staff proudly owning one other 10% of Vienna Airport’s 84 million shares.

“Regardless of the troublesome financial state of affairs within the aviation business, we imagine within the sturdy fundamentals of Flughafen Wien and Austria as an funding vacation spot,” stated IFM Buyers’ senior director of infrastructure, Werner Kerschl.

Vienna Airport shares rose as a lot as 25% however at 32.80 euros they continue to be under the supply value.

A spokesperson for the airport employees stated the group would touch upon the request within the coming weeks.

($1 = 0.9562 euros)

Reporting by Kirsti Knolle, enhancing by Thomas Escritt

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