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.
Origin Country
Bulgaria
airport deal
Operator // Sofia Airport EAD
In May 2016, the Bulgaria gov’t launched the original concession process for SOF. In March 2017, the Gov’t terminated the SOF concession process but initiated it in Jul. 2018. On March 14 2019, the Bulgarian Parliament passed an amendment to its Concessions Act to address investor concerns with tender terms. The minimum upfront payment was set at EUR280m with the investor being be required to develop a new third terminal and, potentially, a third runway. IFC has provided grantor advisory support for the process. The Manchester/Beijing consortium has proposed development of new EUR600m football stadium, in addition to its proposed EUR1.5b airport investment, as a “sweetener” to bolster Bulgaria’s joint bid for UEFA Euro 2028 and FIFA World Cup 2030. On April 11 2019, MTIT announced receipt of five bids from; Manchester Airports (UK) with Beijing Construction Engineering (China), Meridiam (France), Munich Airport (Germany) and Straberg (Austria), Sauerwein & Schaefer (Swiss) and Copenhagen Airports (Denmark), TAV/AdP (Turkey/France) and Fraport (Germany). SOF net profits decreased 40.8% to USD1.2m in Q1, 2020, revenue down fell 1.5% year-on-year to ~USD20m.
Passengers
Airport DetailsMovements
Airport DetailsCargo (tonnes)
Airport DetailsClick an airport location for details
Deal transaction stage will no longer be updated when a deal has been marked as archived.
Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.
Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.
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.
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