Spain's state-owned airport operator Aena Aeropuertos will begin
next Monday the sale process of operating licenses of its duty-free
airport stores in Spain, reports El Mundo in its Friday Internet
edition.
Aena expects to raise some 6.7 billion euros ($8.7 billion) from
the sale of seven-year concessions, extendable for another three
years, and which will be used to partially cutback a debt of close
to EUR13 billion, the paper adds.
Europe's five biggest duty-free operators--Autogrill SpA's
(AGL.MI) World Duty Free, Germany's Heinemann, Dufry, Nuance
Group-Areas and Lagardere's Sigma--are likely to participate,
according to El Mundo.
Newspaper website: www.elmundo.es
Write to Enza Tedesco at enza.tedesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires