Spain to sell 49% stake in airport operator AENA
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[MADRID] Spain will sell a 49-per cent stake in state-owned airport operator AENA, taking advantage of a renewed optimism on financial markets to raise billions of euros.
Prime Minister Mariano Rajoy's conservative government approved the long-delayed sale of a stake, reportedly worth nearly 2.5 billion euros (S$4.2 billion), in one of the world's largest airport managers.
Plans for a partial privatisation of AENA were first revealed by the former Socialist government in 2011, but they had to be delayed as investors struggled to find the money on financial markets worried about Spain's debt crisis.
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