GMR Infrastructure Ltd is looking to enter a bid for the planned privatisation of the Prague airport, one of the more profitable state-run enterprises in eastern Europe, in the second-half of 2008, Business Standard reported.
The report cited the company, whose consortium previously won the rights to run Istanbul's Sabiha Gokeen International Airport with a 1.9 bln EUR bid, as saying it is too early to speak about the Prague development but confirmed that preparations are on.
The paper reported that proposed methods for the sale of the airport are expected to be presented to the Czech government by March next year. Options include leasing of the airport, its sale as a whole, and the sale of part of its shares on the bourses.
(Source: Thomson Financial News)