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FRA> Fraport AG is selling its wholly-owned ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds. Under the contract signed today, a purchase price of €100 million has been agreed, payable by the purchaser once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser. ICTS Europe Holdings B.V. has been a wholly-owned subsidiary of Fraport AG since 2002 and is now active at about 81 locations in 24 countries. With a staff of about 10,100, the company focuses its operating business on providing security control of passengers at various airports – excluding Frankfurt and Frankfurt-Hahn. For the year 2007, ICTS Europe Holdings B.V. reports revenues of about €320 million. |
________________________________________________________________________________________________________ Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at: www.fraport.com (Menu: select Press Center then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com. ________________________________________________________________________________________________________ For Further information, Please Contact: Fraport AG Frankfurt Airport Services WorldwideRobert A. Payne, B.A.A. – Manager International Press Press Office (Dept. UKM-PS), Corporate Communications (UKM) 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49 69.690.78547; Fax: +49.69.690.60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com; www.airportcity-frankfurt.com |
