CANDOVER INVESTMENTS PLC - Candover sells Swissport for CHF 1.0 billion.

PR Newswire UK Disclose, August, 2005

 
For immediate release on 22 August, 2005 
 
Candover sells Swissport for CHF 1.0 billion 
 
Candover*, a leading European private equity house, has today announced the 
sale of its investment in Swissport International, the world's leading aviation 
service group, to Ferrovial, one of the world's largest infrastructure and 
services companies, for an enterprise value of CHF1.0 billion ([euro]646.0 million). 
Completion of the deal, expected in September 2005, is subject to competition 
and regulatory approval. 
 
Candover led the [euro]393.0 million buyout of Swissport from the former SAirGroup 
in February 2002, backing the management team led by Joseph In Albon, President 
and CEO, in the wake of the events of 9/11 and the administration of Swiss Air. 
Since then, Swissport...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.