22.08.2012 • News

Fraport: receives € 41.9 million payment

Fraport: receives € 41.9 million payment. The German government agreed to pay Fraport € 41.9 million under the federal government’s investment guarantee for capital investments out...

Fraport: receives € 41.9 million payment. The German government agreed to pay Fraport € 41.9 million under the federal government’s investment guarantee for capital investments outside Germany.

Fraport had concluded such a guarantee contract as protection against political risks for its equity investment made in the Manila project.

The amount can be increased when specific requirements are met by a further € 3.9 million – and is being made with a conditional payback provision, oriented on the outcome of the legal proceedings.

Furthermore, the payment is subject to Fraport’s acceptance of payout conditions. This payment is expected to occur in three months. The impact of this payment on the company’s financial results is currently being examined.

Corporate Security

Corporate Security at BMW Group

Corporate Security at BMW Group

GIT SECURITY in conversation with Alexander Klotz, Head of Corporate Security at BMW  Group.

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