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| Hochtief AirPort increases stake in Hamburg Airport  Hochtief AirPort GmbH, in conjunction with Hochtief AirPort Capital (HTAC), is to take over a minority interest in Hamburg Airport held by Aer Rianta Int. of Ireland. The two companies have now agreed on this step, which is to come into effect on January 1, 2007. This increases the stake held by Hochtief AirPort and HTAC from 39.2 percent to a total of 49 percent. The purchase price is being treated as confidential. Hamburg Airport is Germany's fourth-largest airport and the most important center of aviation in Northern Germany. Last year the airport, with its broad range of connections to 110 destinations, handled more than ten million passengers for the first time. This year, passenger figures are due to grow by a further ten percent, thus setting a new record.In the past few years, Hamburg Airport has been implementing an extensive program of expansion and modernization. The remaining projects in this program, a shopping plaza, a hotel and a light rail link, are all due to be completed by 2008. write your comments about the article :: © 2006 Construction News :: home page |