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Examples
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Ferrovial said it agreed to sell Swissport International, an airport ground-handling firm, to PAI Partner, a private-equity group, for € 654 million ($908.2 million).
Business Watch 2010
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MADRID — Spain's Ferrovial SA said Tuesday it has agreed to sell Swissport International AG to private-equity group PAI Partner for € 654 million ($908.2 million).
Ferrovial Sells Swissport for $908 Million David Roman 2010
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Swissport International Ltd. is selling seven-year notes split between Swiss francs and dollars—350 million Swiss francs $385.2 million and $425 million—to finance its acquisition by PAI Partners, a private-equity firm.
Europe Bonds See Growth Michael Aneiro 2011
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As European banks gird for more stringent regulation, lower-rated companies that have long depended on banks for funding—most recently Phones 4u and Swissport—are increasingly turning to the bond market instead.
Europe Bonds See Growth Michael Aneiro 2011
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Madrid-based Ferrovial acquired Swissport, an airport ground-handling firm, in 2005 but recently has been looking to reduce its large debt pile of € 20.5 billion as of Sept. 30, compared with Ferrovial's current € 6 billion market capitalization.
Ferrovial Sells Swissport for $908 Million David Roman 2010
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Swissport will benefit from PAI's expertise in the business-services sector typified by its French portfolio company Spie, which provides technical services, communications systems, railway infrastructure and energy services.
Ferrovial Sells Swissport for $908 Million David Roman 2010
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Swissport would focus on services for SAA at OR Tambo
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"Between the Airports Company of SA (Acsa), Swissport and SAA, we will work hard to remedy some of the baggage-related difficulties which have affected our customers," he said.
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Johannesburg airport is Apron Services, which has about 70 percent of business, leaving Swissport with the remaining 30 percent.
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Swissport has invested more than R40 million in its South
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