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Flughafen Wien AG

EANS-Adhoc: Flughafen Wien AG
Ad-hoc information from Flughafen Wien AG on the increase of its holding in Malta Airport

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
Mergers - Acquisitions - Takeovers/increase of stake / outlook

Ad-hoc information from Flughafen Wien AG on the increase of its holding in
Malta Airport
Flughafen Wien AG hereby announces the fulfilment of the closing conditions and
thus the legally valid closing of the share purchase agreement to acquire SNC-
Lavalin Group Inc.'s indirect stake in MMLC Holdings Malta Limited (formerly,
SNC-Lavalin (Malta) Limited, "SNCL Malta"). SNCL Malta has a 38.75% interest in
Malta Mediterranean Link Consortium Limited ("MMLC"), which in turn has a 40%
interest in Malta International Airport plc ("Malta Airport"). As of today, the
total consolidated holding of Flughafen Wien AG in Malta Airport amounts to more
than 48%.
The total value of the transaction amounts to approximately EUR 64 million,
equivalent to EUR 3.00 per Malta Airport share plus adjustments to net working
Before the transaction, Flughafen Wien AG's total direct and indirect holding in
Malta Airport equalled 32.94%. By acquiring SNC-Lavalin Group Inc.'s indirect
stake in MMLC, Flughafen Wien AG has now increased its total indirect holding in
Malta Airport by a further 15.5%. Thus, Flughafen Wien AG's total consolidated
holding in Malta Airport reaches more than 48%.
Since the privatisation of Malta Airport in the year 2002, Flughafen Wien AG has
held a 57.1% stake in MMLC up until now via its subsidiary VIE (Malta) Limited.
MMLC has been responsible for the operating management of Malta Airport up until
now, and reported the airport as a subsidiary fully consolidated in its
consolidated subgroup financial statements.
Due to the acquisition of the indirect stake held by SNC-Lavalin Group Inc.,
Flughafen Wien AG's shareholding in MMLC has increased to more than 95%.
The changed recognition of Flughafen Wien Group's strategic investment in MMLC
as of the closing positively affects the outlook of the Flughafen Wien Group for
the 2016 financial year (before revaluation effects related to the acquisition).
EBITDA is now expected to total at least EUR 310 million instead of at least EUR
280 million, and the net profit for the period before non-controlling interests
is now forecast to rise from at least EUR 105 million to at least EUR 115
million. The revaluation of the strategic investment is also likely to lead to a
positive change in the equity of the Flughafen Wien Group, which will be
reported as a one-off effect in its consolidated income statement too.

Further inquiry note:
Investor Relations:
Mag. Judit Helenyi (+43-1)7007-23126;
Mario Santi (+43-1)7007-22826;

end of announcement                               euro adhoc 

issuer:      Flughafen Wien AG
             Postfach  1
             A-1300 Wien-Flughafen
phone:       +43 1 7007 - 22826
FAX:         +43 1 7007 - 23806
sector:      Transport
ISIN:        AT0000911805
indexes:     ATX Prime
stockmarkets: official market: Wien 
language:   English

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