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Wednesday 12 March 2014

GMR to bid for all 6 airports that govt plans to privatise

Airport major  GMR is set to bid for all six airports that the government will privatise. According to company sources, GMR will aggressively bid for these upcoming airports. Also Read: GMR forays into railway sector Importantly, it is not planning to tie up with any player as the company feels it will be eligible to bid alone this time. However as per government guidelines on airport privatisation while one single entity can bid for all the airports it can not win in more than two. GMR sources also said that Fraport - its partner for the Delhi Airport - cannot dilute its 10% stake and exit DIAL as it's contractually bound.


Read news in full 12/03/14 moneycontrol.com

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