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June 9, 2020

Bulgaria’s top court approves concession deal for Sofia Airport

The Supreme Administrative Court of Bulgaria has approved the selection of a consortium comprising Munich Airport and France-based investor Meridiam as concessionaire for Sofia Airport.

The Supreme Administrative Court of Bulgaria has approved the selection of a consortium comprising Munich Airport and France-based investor Meridiam as the concessionaire for Sofia Airport.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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In July last year, the consortium was awarded the concession by Bulgaria’s Ministry of Transport.

This decision was contested by the losing suitors Aeroports de Paris (ADP), Fraport and Manchester Airports Group (MAG), who had offered to pay €32.8m per year, or 42.8% of the annual revenue if it was higher. This led to a legal battle that lasted almost a year.

The latest development allows both parties to operate and manage Sofia Airport for 35 years under the consortium name ‘Sof Connect’.

Munich Airport noted that this investment embedded in the 35-year long-term public-private partnership will contribute to Bulgaria’s economic rebound from the Covid-19 crisis.

It also pledged to support the Bulgarian Government and local authorities to achieve significant regional benefits in social, economic and environmental aspects.

The airport will also develop new carbon accreditation and environmental standards, offering social, economic, environmental and inclusive growth for the city and country by serving as a benchmark for other airports and industries.

Meridiam has a portfolio of landmark airports, which include LaGuardia Central Terminal in New York, Queen Alia International in Jordan and Ivato and Nosy Bé in Madagascar.

The company is committed to work with the entire aviation sector for the reduction of carbon emissions.

Munich Airport said that it will provide the consortium with its knowledge, expertise, best practices and market outreach. This includes airline marketing, route development, passenger experience, smart airport development, airport city development and operational efficiency.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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