Fraport looks to exit Delhi Int’l Airport venture
Germany’s Fraport is looking to sell its entire stake in DIAL, a joint venture that operates the Indira Gandhi International Airport in the national capital. Fraport holds 10 per cent shareholding in Delhi International Airport Ltd (DIAL), a three-way joint venture where the majority is held by diversified group GMR Infrastructure. According to a source, Fraport is looking to exit from the DIAL amid concerns that it was not getting returns on investment as expected. Specific details about the plan of the German entity, which operates Frankfurt airport, could not be ascertained.
When contacted, a Fraport AG spokesperson said, “It is not our policy to comment on speculation regarding our business partnerships”. A DIAL spokesperson said it does not wish to comment.