Fraport AG Frankfurt Airport Services Worldwide
Fraport AG Frankfurt Airport Services Worldwide: Sale of shares in Thalita Trading Ltd.

Fraport AG Frankfurt Airport Services Worldwide  / Key word(s): Disposal/Forecast

31.07.2016 13:28

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Frankfurt, July 31, 2016, 12:55 PM CEST

Effective today, July 31, 2016, Fraport AG Frankfurt Airport Services
Worldwide (Fraport AG) and its consortium partners reached an agreement to
sell a portion of their shares in Thalita Trading Ltd. to Qatar Investment
Authority. As a result, Fraport AG will reduce its equity share in Thalita
Trading Ltd. from 35.5 percent to 25 percent. In addition, a subsidiary of
Fraport AG will sell loans provided to Thalita Trading Ltd.

Thalita Trading Ltd. is the parent company of Northern Capital Gateway LLC,
which holds the concession to operate Pulkovo Airport in St. Petersburg,
Russia. Due to the sale by consortium partner Copelouzos Group, Qatar
Investment Authority will acquire a  total stake of 24.99 percent in the
airport operating consortium, while Fraport AG will remain the lead
operator following this transaction.

The transaction is subject to the approval of the Russian government and
the senior project finance lenders. Currently, Fraport AG expects that
these approvals will be granted and that the transaction closing will take
place during the second half of 2016.

Based on the current book values Fraport AG expects the total transaction
to generate a gain between 30 million Euros and 40 million Euros, which
will fully impact the Group EBITDA, EBIT, and EBT in the 2016 business year
and will positively influence the Group result.

Depending on the further development of carrying amounts up until the
closing of the transaction, the before mentioned values may still vary.
However, as of today Fraport AG expects a noticeable positive contribution
from the closing of the total transaction.

Despite the recent weakening traffic developments at some Group airports,
particularly Frankfurt and Antalya, the Fraport AG Executive Board is
maintaining its Outlook - when taking account of the positive effects
from the disposal of shares in St. Petersburg - for the full year 2016
ranges for Group EBITDA, Group EBIT, Group EBT, and Group result set at the
beginning of the fiscal year.


31.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Fraport AG Frankfurt Airport Services Worldwide
              -
              60547 Frankfurt am Main
              Germany
Phone:        +49 (0)69 6 90-7 48 42
Fax:          +49 (0)69 6 90-7 48 43
E-mail:       investor.relations@fraport.de
Internet:     www.fraport.de
ISIN:         DE0005773303
WKN:          577330
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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