Spain airport operator Aena's sale to target small shareholders

[MADRID] The partial privatisation of Spanish airports operator Aena should see its shares list on the stock market in late November with a small tranche reserved for the public - a litmus test for domestic investor faith in an economic recovery.

The sale of the world's biggest airports operator still has several hurdles to overcome, but a source familiar with the situation told Reuters the pricing process should be finalised between global coordinators and the government in September.

The sale of a 49 per cent stake of the group will be given the green light by the stocks commission around the end of that month, the source said, paving the way for one of Spain's biggest privatisations.