airport deal

Bulgaria – Gorna Oryahovitsa

Operator // Gorna Oryahovitsa Airport EAD

Overview

Overview

Apr. 10, 2021 – The gov’t concession GOZ for a 35 year term in 2016, following enable decisions by the Bulgarian government. The airport was sold to special purpose company Gorna Oryahovitsa Airport EAD, owned by private Bulgarian company Kristalna Voda and state-owned company Gorna Oryahovitsa Airport. The concession agreement requires investments of over 32m levs (USD19.5m), of which more than 22m levs in the first four years of the term, however actual investments to date total BGN5.4m . Approaching the end of its electoral mandate, the Boyko Borissov gov’t extended the capital investment deadline to 2024 due the the impacts of the global pandemic.

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Included Airports

Airports

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Bulgaria

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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