Trading in the shares of Gemina and Macquarie Airports was suspended on Thursday amid speculation that Australia's Macquarie had agreed to sell its 45% stake in Rome's two airports to Gemina, an Italian holding company, for EUR 1.2 bn. The Italian Stock Exchange suspended trading in Gemina's shares for two days, shortly after Macquarie Airports requested a suspension of trading in its shares on the Australian Stock Exchange pending a 'significant announcement'.
Trading in the shares of Gemina and Macquarie Airports was suspended on Thursday amid speculation that Australia's Macquarie had agreed to sell its 45% stake in Rome's two airports to Gemina, an Italian holding company, for EUR 1.2 bn. The Italian Stock Exchange suspended trading in Gemina's shares for two days, shortly after Macquarie Airports requested a suspension of trading in its shares on the Australian Stock Exchange pending a 'significant announcement'.
On Thursday morning, the Financial Times newspaper reported that the Italian investors in Gemina had put the EUR 1.2 bn offer on the table as they were 'at odds' with Macquarie over the plan for running of the two airports. The Italian investment was the largest to date by Macquarie Airports, one of the world's largest private airport operators.