Stake in World's Biggest Airport on Sale Weeks After Open
By Ercan Ersoy and Kerim Karakaya
May 23, 2019, 5:11 PM GMT+3 Updated on May 23, 2019, 5:58 PM GMT+3
Vinci, ADP and its Turkish unit are among interested parties
Hub is one of world’s largest; footprint larger than Manhattan
Some of the owners of the joint venture that operates Istanbul’s giant new airport hired Lazard Ltd. to sell their stake in the $11 billion hub, according to people with knowledge of the matter.
The U.S. investment bank is working with some members of the IGA consortium to provide a valuation of the airport and manage discussions with potential buyers, the people said, asking not to be identified because the process is confidential.
More:Stake in World's Biggest Airport Said on Sale Weeks After Open - Bloomberg
