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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Airports | LSE:AAP | London | Ordinary Share | GB0000281328 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 109.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9442K Alpha Airports Group PLC 12 April 2005 12th April 2005 Acquisition of Business in Romania Alpha Airports Group Plc ("Alpha") is pleased to announce that it has today acquired a small flight and retail catering business in Romania for a cash consideration of Euro5.0m (#3.4m). The Romanian business, carried on by Abela Rocas SA, is based at Henri Coanda International Airport, Bucharest and provides both flight catering to a number of airlines and retail catering at the airport. We have acquired 64.18% of the share capital of Abela Rocas. There are no pre-emption rights or options over the remaining shares, which are held by Tarom S.A., the Romanian state airline and major customer, and the Romanian Airport Authority, Compania Nationala Aeroportul International Henri Coanda. The turnover and profit before taxation of the business for the year ended 31 December 2004 was Romanian Lei 281.3 billion (#5.3m) and Romanian Lei 80.7 billion (#1.5m) respectively. The net assets to be acquired are Romanian Lei 29 billion (#0.5m). As highlighted in the recent results statement, Alpha is working on a significant number of opportunities to build and grow the business both organically and by acquisition. The acquisition of this business fits firmly into the strategic European development plans of the Group and follows on from our acquisition of 60% of the share capital of Istanbul Duty Free in November 2004. Commenting on the acquisition, Kevin Abbott, Chief Executive, said: "This transaction is the next step forward in building our European network. The business in Romania is well run and has two local customers as partners. Eastern Europe is a new market for Alpha and we anticipate growth and further development opportunities as Romania progresses towards EU membership in the next few years. " Enquiries: Alpha Airports Group Plc Kevin Abbott, Chief Executive Tel: 020 8580 3200 Heather McRae, Finance Director Gavin Anderson & Company Laura Hickman/ Amelia Ward Tel: 020 7554 1400 Website: www.alpha-group.com This information is provided by RNS The company news service from the London Stock Exchange END ACQUURURVURSAAR
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