Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: other
Fraport AG Frankfurt Airport Services Worldwide is selling its subsidiary ICTS

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Sale of Subsidiary

28.02.2008

Fraport AG is selling its wholly-owned ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds.  Under the contract signed today, a purchase price of EUR 100 million has been agreed, payable by the purchaser once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser.

ICTS Europe Holdings B.V. has been a wholly-owned subsidiary of Fraport AG since 2002 and is now active at about 81 locations in 24 countries. With a staff of about 10,100, the company focuses its operating business on providing security control of passengers at various airports - excluding Frankfurt and Frankfurt-Hahn.  For the year 2007, ICTS Europe Holdings B.V. reports revenues of about EUR 320 million.

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ots Originaltext: Fraport AG Frankfurt Airport Services Worldwide
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Stefan J. Rüter
Telefon: +49(0)69 690-74840
E-Mail: s.rueter@fraport.de

Branche: Transport
ISIN:      DE0005773303
WKN:        577330
Index:    Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade



Weitere Meldungen: Fraport AG Frankfurt Airport Services Worldwide

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