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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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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