Aena’s IPO at top range confirms appetite for Spanish assets

A 49% of state-owned Aena, which is the world’s largest airport group by passenger numbers, will be sold to the public. The group said the offer was almost five times over-subscribed, showing the increasing investors’ appetite for Spanish assets.

This much-awaited IPO had to be postponed a few months ago due to “technical flaws” –a tender was not organised to pick an auditor needed for some steps of the operation.

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