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When to sell an airport's shares in its ground-handling company

Author

Listed:
  • Haenecke, Henrik

Abstract

GlobeGround Berlin is one of the major ground-handling companies in Germany. Since the late 1990s, GlobeGround Berlin had been owned by Berlin Airports (51 per cent) and Lufthansa (49 per cent). Based on a strategic assessment of the investment, the two shareholders decided to sell their shares in GlobeGround Berlin in 2007. Following a year-long public tender process, WISAG, a German facility management company, was selected as buyer. The deal was closed in June 2008. This is the first time a German airport has sold all its shares in its ground-handling company.

Suggested Citation

  • Haenecke, Henrik, 2009. "When to sell an airport's shares in its ground-handling company," Journal of Airport Management, Henry Stewart Publications, vol. 3(3), pages 238-245, April.
    • Handle: RePEc:aza:jam000:y:2009:v:3:i:3:p:238-245
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    More about this item

    Keywords

    ground handling; M&A; strategy; shareholdings;
    All these keywords.

    JEL classification:

    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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