Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: Fraport AG Frankfurt Airport Services Worldwide
other
Fraport AG receives EUR 41.9 million under German investment guarantee program for its Manila investments

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

16.04.2008

The German government agreed today (April 16, 2008) to pay Fraport AG EUR 41.9 million under the federal government´s investment guarantee for capital investments outside Germany. Fraport AG had concluded such a guarantee contract as protection against political risks for its equity investment made in the Manila project. The amount can be increased, when specific requirements are met, by a further EUR 3.9 million - and is being made with a conditional payback provision, oriented on the outcome of the legal proceedings.  Furthermore, the payment is subject to Fraport AG´s acceptance of payout conditions. This payment is expected to occur in three months.

The impact of this payment on Fraport AG´s financial results is currently being examined.

In addition to this payment, Fraport AG is pursuing further claims that are not covered by the federal government´s investment guarantee. Fraport AG and the joint-venture company in the Philippines are pursuing their compensation claims against the Philippine government at national and international courts.

Fraport AG already made a complete write-down on its financial investment in the Manila terminal project in fiscal years 2001 and 2002, and received a first payment of approximately EUR 27 million in 2006.

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

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

Das könnte Sie auch interessieren: