September 19, 2017 9:02 PM ET

Transportation Infrastructure

Company Overview of Compania Nationala "Aeroporturi Bucuresti" S.A.

Company Overview

Compania Nationala "Aeroporturi Bucuresti" S.A. operates an international airport in Romania. It offers various airport services to passengers. Compania Nationala "Aeroporturi Bucuresti" S.A. was formerly known as The National Company "Bucharest Henri Coanda International Airport" S.A. and changed its name to Compania Nationala "Aeroporturi Bucuresti" S.A. in August 2009. The company was founded in 1998 and is headquartered in Otopeni, Romania.

Calea Bucurestilor nr. 224 E

Ilfov County

Otopeni,  075150

Romania

Founded in 1998

Phone:

40 21 204 1000

Fax:

40 21 201 4990

Key Executives for Compania Nationala "Aeroporturi Bucuresti" S.A.

Operational Director
Managing Director
Airport Director
Compensation as of Fiscal Year 2017.

Compania Nationala "Aeroporturi Bucuresti" S.A. Key Developments

Romania Plans To Sell Minority Stakes In Energy And Transport Infrastructure Firms

Romania will sell minority stakes in several key companies from the sectors of energy and transport infrastructure to finance investment programmes in those enterprises. The list includes Oltenia, Compania Nationala "Aeroporturi Bucuresti" S.A., Constanta Sea Port, S.P.E.E.H.Hidroelectrica S.A., Rompetrol Financial Group S.r.l. and Societatea Nationala a Sarii SA. "Following discussions held by the Government, it was agreed that the diversification of ownership in these enterprises by capitalizing minority stakes may be beneficial for their efficiency and profitability," the government said in a memorandum published on its website. The government will now start identifying the minority stakes for sale in compliance with the legal provisions currently in force, according to the memorandum. For Oltenia and S.P.E.E.H.Hidroelectrica S.A., the energy ministry suggests to run an initial public offering (IPO) to increase their capital by 15.29% and 15% respectively. The ministry of economy holds a 77.15% stake in Oltenia, property restitution fund Fondul Proprietatea owns 21.56%, while the remainder is held by Electrocentrale Grup and Inchidere si Conservare Mine. For Rompetrol, the energy ministry is considering the sale of 26.69% of the company shares it owns through public auction.

CN Aeroporturi Bucuresti SA Reports Unaudited Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016

CN Aeroporturi Bucuresti SA reported unaudited earnings results for the year 2015. For the year, the company reported total revenue of RON 783.7 million compared to RON 689.7 million a year ago. Operating profit was RON 222.1 million compared to RON 124.4 million a year ago. Net profit was RON 185.7 million compared to RON 98.8 million a year ago. The company provided earnings guidance for the year 2016. For the year, the company expects total revenue of RON 842.9 million, operating profit of RON 127.4 million and net profit of RON 104.8 million.

Romania To Resume Privatization

Romania will resume the privatization process in 2016. Ludwik Sobolewski said the most likely candidate to come to market is Societatea Nationala a Sarii SA while S.P.E.E.H.Hidroelectrica S.A. was an outside possibility, although this was more likely to happen in 2017. "We are waiting for privatizations to be resumed," he said. "2015 passed without anything notable, but it's important for Romania to continue with this because we need to have large companies in the market." SC Fondul Proprietatea SA (BVB:FP) holds sizeable minority stakes in Sarii and Hidroelectrica and backs the listings. In 2015, it identified Compania Nationala "Aeroporturi Bucuresti" S.A. and Compania Nationala "Administratia Porturilor Maritime" S.A. as other potential privatization candidates. He puts the probability of Hidroelectrica's listing in 2016 at around 10%. "There is a chance they could be listed this year it's more likely to happen in 2017. But this would be tremendously important for the market," he said.

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Recent Private Companies Transactions

Type
Date
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No transactions available in the past 12 months.
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