Deals
Turkey's TAV Weighs Buying Stake in Antalya Airport
- Germany’s Fraport AG keeps its 51% holding in the site
- Aeroports de Paris-controlled TAV adds assets locally, abroad
A Turkish Airlines fleet at Istanbul Ataturk, one of more than a dozen airports operated by TAV in Turkey.
Photographer: NurPhoto via Getty Images
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Turkey’s biggest airport operator will take a nearly half of the country’s Antalya hub, buying out the local partner of a franchise jointly run with Germany’s Fraport AG.
TAV Havalimanlari Holding AS, majority owned by Aeroports de Paris, is paying closely-held IC Ictas Insaat AS 360 million euros ($440 million) in cash for its 49 percent holding in the concession to run Antalya, the company said on Tuesday, confirming an earlier report about the plan by Bloomberg News.