No "Crash Landing in Manila"
Frankfurt/Main, Germany (ots) - In response to today's report in the German newspaper Handelsblatt, Fraport AG explained that no funds from the company's initial public offering (IPO) have flown into the terminal project in Manila, the Philippines. Rather, the IPO proceeds were invested or used for debt repayment. Since the end of 2000, Fraport AG has not made any additional funding available to the Piatco project company in Manila. The auditing company KPMG prepared ...