Fraport

Fraport AG ( Frankfurt Airport ) ( exactly: Fraport AG Frankfurt Airport Services Worldwide ), headquartered in Frankfurt am Main is the listed company that operates the Frankfurt airport. As the majority state-owned company located Fraport belongs to the state-owned enterprises. Fraport is involved in other German and foreign airports.

The shares of Fraport AG is part of the MDAX. CEO Stefan Schulte, its predecessor was until August 2009 Wilhelm Bender.

3.1 Previous shareholdings

History

When Frankfurt Rebstock airfield in the 1930s reached its capacity, was built in 1936 in Frankfurt City Forest of flight and the airship port Rhein- Main. After the airport during World War II had been almost completely destroyed, the Verkehrsaktiengesellschaft Rhein-Main was (VAG) and founded a parallel start and runway system completed shortly after the establishment of the U.S. Air Base in 1947. With the economic miracle in the 1950s, called the VAG order in Frankfurt / Main Flughafen ( FAG). The expansion of the western runway in the 1970s and 1980s led to violent conflicts between the airport operator and the environmental movement.

In 1997, Fraport entered into an agreement with the Philippine Government for the construction and operation of the planned new Terminal 3 of Ninoy Aquino - Airport in Manila, Manila called terminal project. The agreement provided to build the terminal together with local partners and then for 25 years to operate exclusively. The total investment sum of around 350 million euros had to be completely written off later. Later it came to Germany to prosecutorial investigation for corruption and embezzlement charges against managers of the company, but were reinstated.

In 2001 the company was partially privatized through an IPO and renamed Fraport AG Frankfurt Airport Services Worldwide. Since December 2012, the Group's headquarters is located in a 57 million Euro building at Frankfurt Airport Gate 3.

Ownership

For a long time the sole shareholder in the FAG ( Flughafen Frankfurt / Main AG ) the State of Hesse, the city of Frankfurt am Main and the federal government.

1955 to the IPO

45.242 % State of Hesse
28.891 % City of Frankfurt am Main
25.867 % Federal Republic of Germany

After the IPO in 2001

31.94 % State of Hesse
20.40% City of Frankfurt am Main
18.27 % Federal Republic of Germany
29.39 % free float

Sale of the Federal share

In October 2005, the federal government sold its custody until then in the custody of the federal treasury Bonn at the Bundesbank headquarters in Frankfurt am Main share of around EUR 660 million. A few days after the sale of the shares of the Federal German Lufthansa acquired 5 percent of Fraport shares.

Shareholder

The shareholder of March 2012:

31.49 % State of Hesse
20.11 % Stadtwerke Frankfurt am Main Holding GmbH
9.92% German Lufthansa AG
4.90% Artio Global Investors Inc.
33.58 % free float

Investments

Fraport is involved in the airport Hannover -Langenhagen 30 percent. The company is also at the airports Antalya ( 51% voting interest ) in Turkey, Cairo (100 % of the Management Company ) in Egypt and Lima involved ( 70%) in Peru as well as the Bulgarian Burgas and Varna airports (both 60%). In early 2006, a consortium with Fraport stake of 10 % the contract for the long-term operation of the airport in New Delhi India. In early 2010, a consortium with Fraport stake of 35.5 % the contract for the long-term operation of the airport of St. Petersburg in Russia. The under construction new Dakar Airport in Senegal African to completion in 2014 for 22 years by the Daport SA be operated, in which Fraport AG holds 60 %. The Frankfurt are involved since September 2008 with 24.5% at the Xi'an airport ( People's Republic of China). The 100% subsidiary of Fraport Saudi Arabia is responsible for the management, operation and further development of the airport and the airport Jeddah Riyadh. In June 2012, it was announced that Fraport plans to divest its 10 percent stake in the New Delhi airport. There are already negotiations with the Indian infrastructure group GMR. The reasons for the expiry of the operating license in 2013 and the closure of the offices of Fraport in India were called.

Previous shareholdings

Retroactive to January 1, 2009, Fraport has transferred its 65 percent interest in approximately 100 kilometers away from Frankfurt airport Frankfurt -Hahn economic reasons to the State of Rhineland- Palatinate. Cooperation with the Hunsrück airport but continue because it serves as a backup for night flights.

Competitors

Fraport competes with German and international airport operators to investments in airports. These include the Canadian Avialliance (formerly Hochtief Airport ), the British Heathrow Airport Holdings ( formerly BAA ) and the Australian Macquarie Airports.

The company also stands with other German airports, especially the airport Munich Franz Josef Strauss, in direct competition to volumes of Lufthansa.

Criticism

Fraport is currently criticized especially by residents of Frankfurt airport due to the expansion and concomitant exposure to aircraft noise and pollutants.

Sponsoring

Since its inception Fraport occurs as a sports sponsor mainly in the area of Frankfurt. Fraport was the main sponsor of Eintracht Frankfurt from 2001 to 2012 and then a premium sponsor. Fraport also supports the FSV Frankfurt, the first FFC Frankfurt and Kickers Offenbach. June 2011 was Fraport known for the season 2011/2012 as well in the basketball to invest. The previously known as German basketball Bank Skyliners Frankfurt Fraport Skyliners start since 2011 as the National Basketball League. To this end, Fraport secured the naming rights to the arcade of the Skyliners, the ball Gymnasium Frankfurt. This is also called since 2011 renamed Fraport Arena.

In the field of art and culture Fraport supports the Rheingau Music Festival, the Weilburg Castle concerts and the Central Station in Darmstadt.

Personalities

Erich Becker (airport manager ) ( 1920-2003 ), Chairman of the Board 1972-1988
Wilhelm Bender, Chairman of the Board 1993 - 2009
Stefan Schulte, since 2009 CEO of Fraport
Pascal Behr break, Decathlon Europe Masters 2012

Documentation

We 're in! Corporate lobbyists in the center of power, Sascha Adamek, Kim Otto, WDR ( 2007) ( emphasis Fraport )
Job miracle major airport? About the noise pollution in the sign of the economy, Scobel, 3Sat (2012 ) ( report on Fraport )

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