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Last Updated: Thursday, 4 December, 2003, 12:13 GMT
UK airport firm eyed for takeover
Luton Airport
TBI hopes for a boost from low-cost carriers
Shares in UK airport operator TBI rose 15% after it emerged a German firm was considering mounting a takeover bid.

Hochtief Airport said its interest may or may not lead to a formal offer and it had not yet approached TBI about it.

TBI operates airports including Luton, Cardiff and Belfast International as well as Stockholm Skavsta and three in Bolivia.

It has blamed slumping profits on a decline in scheduled and chartered flights from its UK airports.




SEE ALSO:
TBI pins hopes on budget airlines
25 Nov 03  |  Business
Low-cost airline use increasing
07 Oct 03  |  Beds/Bucks/Herts
Profits descend at airport group
19 Nov 02  |  Business
TBI ditched by French suitor
25 Sep 01  |  Business


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