Bulgarian financial group Alpha Finance Holding sold its 58.08% stake in the airport in the country’s second-largest city of Plovdiv to Denmark’s Nordic Airport Infrastructure ApS, the company said on its website, IntelliNews reported.
The price of the deal has not been disclosed yet. The sale follows a change in the investment strategy of Alpha Finance, which excluded the airport from its core activities.
The company will focus on renewable energy projects developed by its subsidiary Solarpro, the expansion of mineral extracting company Kaolin, and the consolidation of the alternative telecom branch through Spectrum Net.
Alpha Finance bought the airport stake in 2007 and had proposed several times strategic public-private partnerships but with no positive results. The remaining part of the airport stake is held by the transport ministry. The air traffic in Plovdiv is now concentrated in the winter months when charter fliers are servicing the nearby ski resorts of Chepelare and Pamporovo.
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