| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/564 (19.06.13) |
| Publication Date | 19/06/2013 |
| Content Type | News |
|
The European Commission has concluded that the privatisation of ANA - Aeroportos de Portugal, S.A. was carried out on market terms and therefore did not involve any state aid in the meaning of EU rules. ANA has a 50-year concession to operate the 8 main airports in Portugal, (Lisbon, Porto, Faro, Beja, and 4 airports in the Azores) and also (via a subsidiary), 2 further airports in Madeira. The sale of ANA to the French company Vinci Concessions S.A.S. for €3.08 billion was part of the privatisation plan prepared by Portugal as one of commitments made in the context of the Economic Adjustment Programme for Portugal. The Commission has found that the negotiation process used by Portugal was open, transparent, and that the eligibility conditions of bidders relating to their size and experience of airport operation were not discriminatory. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-564_en.htm |
| Subject Categories | Business and Industry, Internal Markets, Mobility and Transport |
| Countries / Regions | Europe, Portugal |
