- Swissport, the world's leading passenger and cargo handling company, operates in 38 countries.
- The company obtained 1.124 billion euro in revenues and 81mn in EBITDA in 2009.
- The transaction is part of the Company's policy of rotating assets and investing in new projects.
Ferrovial, through subsidiary Ferrovial Services, has completed the sale of Swissport International AG, the world's largest airport ground handling company, to private equity firm PAI Partners for 900 million Swiss francs (approximately 695 million euro), i.e. at a net capital gain of 198 million euro. The transaction was announced in November.
The proceeds from the sale will be invested in new infrastructure and services projects with strong value creation potential.
Ferrovial acquired Swissport International Ltd. late in 2005; since then, it has become the world's largest passenger and cargo handling company with a presence in 38 countries. It obtained 1.124 billion euro in revenues in 2009 and doubled EBITDA to 81 million euro.
Founded in 1952, Ferrovial is one of the world's leading infrastructure groups, operating through its airports, toll roads, construction and services divisions. It has a presence in over 45 countries and has some of the world's top privately-owned infrastructure assets, such as 407 Express Toll Route in Toronto, London's Heathrow Airport, Chicago Skyway and Ausol toll road in Spain. Ferrovial is part of Spain's blue-chip IBEX-35 index and also of the prestigious DJSI and FTSE4Good sustainability indices.