Origin Country
Slovenia

airport deal

Slovenia – Maribor (Edvard Rusjan)

Operator // Druzba za Upravljanje Investicij (DRI)

Overview

Overview

In mid-Jul. 2019, Slovenian state-run investment management firm DRI assumed temporary control of MBX following surrender of the concession held by airport operator Aerodrom Maribor, owned by SHS Aviation, a Slovenian-registered, Chinese-controlled company which was expected to invest EUR660m in the project. DRI will operate MBX temporarily until Dec. 31, 2020, at the latest, upon which the gov’t intends to implement a permanent solution for management of MBX which may include private sector participation. SHS acquired the concession rights to MBX, with signing of the concession agreement in Mar. 2017 at a cost of EUR7m. The European Regional Development Fund (ERDF) granted EUR6m in capital funding to upgrade MBX’s terminal facilities, subject to remaining operational until at least Nov. 2021, with the gov’t otherwise being obliged to reimburse the funds to the ERDF. In 2018, MBX only handled 2,345 passengers and posted a loss of EUR2.2m for the year. On Feb. 25, 2020, Aerodrom Maribor announced that it has filed a EUR2.1m suit to recover lease payments, plus costs and lost profits, as damages for the state’s delay in adopting the airport zoning plan required to extend the runway and develop MXB as a European hub to China.

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Passengers

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Movements

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Cargo (tonnes)

Included Airports

Airports

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Slovenia

1 airport

Transaction Stage

Stage

Stage 1 — Complete

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 — In progress

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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