The Management Board of Flughafen Wien AG is opposed to the share purchase offer from Airports Group Europe S.à rl, an indirect subsidiary of IFM Global Infrastructure Fund. The managers believe that the price offered per share is too low.

Through the aforementioned subsidiary, IFM currently holds 40 percent plus nine shares in Flughafen Wien AG. On August 11, 2022 one gave a mandatory offer because you want to increase the stake to up to 50 percent minus one share. This triggered the fact that the board of the largest Austrian airport had to issue a statement required by law.

The management used an expert for this purpose. An examination was then carried out by the Supervisory Board. The control body fully endorsed the statement of the Management Board. The management of Flughafen Wien AG advises the shareholders not to accept the offer from IFM.

“After carefully weighing up the numerous arguments for and against, the Management Board recommends that the shareholders not accept the purchase offer. Although the purchase offer basically represents a vote of confidence in the performance of FWAG, in its statement the Management Board comprehensively explains why the offered purchase price of EUR 33 per share is considered too low in view of the expected further positive development of the currently completely debt-free and well-performing company becomes. Furthermore, the Executive Board sees the risk that if the offer is accepted, the liquidity and thus the tradability of the share will be further restricted, which could ultimately lead to the FWAG share being delisted from the stock exchange, which is undesirable for the Executive Board and the Supervisory Board Management Board of Flughafen Wien AG in the statement. "Furthermore, the Management Board points out that the offer of EUR 33 per share less the expected dividend of EUR 0,75 for 2022 according to the current guidance is not only around five percent below the lowest closing price of 2019, but even around 20 percent below the highest closing price in 2019".