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TAVHL - TAV Havalimanlari Holding AS News Story

TRY16.93 -0.7  -4.1%

Last Trade - 13/08/20

Mid Cap
Market Cap £638.9m
Enterprise Value £1.18bn
Revenue £498.8m
Position in Universe 43rd / 641

Appeals against Sofia Airport tender rejected-regulator

Mon 18th November, 2019 10:15am
SOFIA, Nov 18 (Reuters) - Bulgaria's competition regulator
has rejected appeals against the transport ministry's decision
to pick a consortium led by asset manager Meridiam to run and
operate Sofia Airport, a posting on its website showed.
    Meridiam, which has teamed up with Germany's Munich Airport
as operator for Bulgaria's main air transport hub, won the
tender in July, offering an annual concession fee of 24.5
million euros and investment of 608 million euros.  urn:newsml:reuters.com:*:nL8N24I3P1
    The four other bidders for the 35-year concession contested
the evaluation of the bids, which allowed Meridiam to win
despite offering lower investment compared with the other
contenders and the third highest concession fee. 
   A consortium led by France's ADP  ADP.PA , Germany's Fraport
 FRAG.DE , Britain's largest airport operator Manchester
Airports Group, and a grouping led by SSB Sauernwein & Schaefer
can contest the regulator's ruling in court within 14 days.     

 (Reporting by Tsvetelia Tsolova; Editing by Alex Richardson)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))
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