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Flughafen Wien AG: Vienna Airport Finalizes Sale of its Stake in Friedrichshafen Airport

DGAP-News: Flughafen Wien AG / Key word(s): Investment/Disposal
Flughafen Wien AG: Vienna Airport Finalizes Sale of its Stake in
Friedrichshafen Airport

22.07.2014 / 21:15

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Vienna Airport Finalizes Sale of its Stake in Friedrichshafen Airport

The City of Friedrichshafen and the Bodensee district in Germany's federal
state of Baden Württemberg have agreed to acquire the 25.15% stake in
Friedrichshafen Airport held by Vienna Airport operator Flughafen Wien AG.
The formal decision was made by the Bodensee district on July 22, 2014. As
a result, Flughafen Wien AG is withdrawing completely from its investment
in Friedrichshafen Airport.

Flughafen Wien AG will sell its entire 25.15% stake in Flughafen
Friedrichshafen GmbH, transferring equal shares to the City of
Friedrichshafen and the Bodensee district. As the last party to the
agreement, the responsible political authorities in the Bodensee district
approved the transaction on July 22, 2014. The contractually agreed
purchase price amounts to EUR 2.257 million.

In the second quarter of 2011, an impairment loss was recognized on the
entire value of the stake. As a result of this transaction, Flughafen Wien
AG will report a book profit on its balance sheet approximately
corresponding to the sales price. The 25.15% shareholding in Flughafen
Friedrichshafen GmbH was originally acquired by Flughafen Wien AG in the
second quarter of 2007. At that time the total purchase price including
incidental costs amounted to EUR 7.7 million.



Contact:
Judit Helenyi
Flughafen Wien AG
Investor Relations
Tel: [phone]
e-mail: [e-mail]


End of Corporate News

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22.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.viennaairport.com
ISIN: AT0000911805
WKN: 884216
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; London, Wien (Amtlicher Handel / Official
Market)


End of News DGAP News-Service
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278893 22.07.2014