DAA Finance plc Statement
DAA Finance plc
EUR549,650,000 6.5872 per cent notes due 2018 of DAA Finance plc, guaranteed by Dublin Airport Authority plc (ISIN:XS0375220588)
Proposed Share Acquisition
The Aer Rianta International Group, the business owned by Dublin Airport Authority plc (“DAA”), which operates airport shopping outlets internationally, has conditionally agreed to acquire a further 50% shareholding in CTC-ARI (Holdings) Limited (“CTC-ARI”) from its Cypriot partner, Ermes Department Stores plc, a member of the Shacolas Group, for a cash consideration of €54 million.
CTC-ARI is the parent company in the Cypriot business which operates retail stores at Larnaca and Paphos airports under a long-term exclusive concession arrangement to 2031 and had a turnover of €88 million for the year ended 31 December 2013.
Completion of the transaction is subject to certain conditions and regulatory approvals.
Enquiries: Ray Gray, Group Chief Financial Officer, DAA
Telephone number: +353 1 814 5265/6
ray.gray@daa.ie
Richard Commins, Group Financial Controller, DAA
Telephone number: +353 1 814 5294
richard.commins@daa.ie