SA Airports Company bidders facing stiffer challenge with Malaysian presence Shipping Times Edition

JOHANNESBURG, Thurs: Confirmation that Malaysia Airports Bhd is bidding for a stake in the Airports Company of South Africa is said to have put other bidders ill at ease. Other companies bidding for equity in South Africa's Airports Company are Lockheed Martin AGI Soros Investments, the British...

Full description

Saved in:
Bibliographic Details
Published inBusiness times (Kuala Lumpur, Malaysia)
Main Author Jailani Harun in Johannesburg
Format Newspaper Article
LanguageEnglish
Published Kuala Lumpur The New Straits Times Press (M) Berhad 09.05.1997
Subjects
Johannesburg
Online AccessGet full text

Cover

More Information
Summary:JOHANNESBURG, Thurs: Confirmation that Malaysia Airports Bhd is bidding for a stake in the Airports Company of South Africa is said to have put other bidders ill at ease. Other companies bidding for equity in South Africa's Airports Company are Lockheed Martin AGI Soros Investments, the British Airports Authority, Schipol Amsterdam, Daimler-Benz, Vienna Airports, Singapore Airports, and the Challenger Group. The Airports Company of South Africa, responsible for managing nine of the country's largest airports, will have to spend some US$1 billion (US$1 = RM2.51) over the next five to six years to meet growing demand for services.