Frankfurt-Hahn Airport: Fraport Transfers its Shares to the State of Rhineland-Palatinate.

Science Letter | February 17, 2009 | Copyright

With retroactive effect to January 1, 2009, the State of

Rhineland-Palatinate is taking over all of Fraport AG's shares in Flughafen Frankfurt Hahn GmbH (FFHG). With 65 percent, Fraport was the majority shareholder in Frankfurt-Hahn Airport in the Hunsruck region until the end of last year; the states of Rhineland-Palatinate and Hesse each held 17.5 percent of the shares (see also Fraport Ag).

Both sides agreed today on a symbolic purchase price of EUR1.

This transaction ends all existing financial obligations of Fraport AG, in particular the ...

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