No partial privatisation of Schiphol

5th March 2007, Comments 0 comments

5 March 2007, AMSTERDAM – The legal battle between the state and the Amsterdam city council over the partial privatisation of Schiphol has ended. Labour PvdA deputy prime minister and finance minister Wouter Bos said this on a radio programme on Monday.

5 March 2007

AMSTERDAM – The legal battle between the state and the Amsterdam city council over the partial privatisation of Schiphol has ended. Labour PvdA deputy prime minister and finance minister Wouter Bos said this on a radio programme on Monday.

Bos said that one of his first accomplishments as finance minister was to reach agreement on the ongoing dispute with Amsterdam. The state and Amsterdam each have a stake in the airport: the government holds three-quarters of the business, while Amsterdam holds 21.8 percent of the shares.

Amsterdam was opposed to the last government's plans to partially privatise the airport. It felt that Schiphol's economic importance to employment in the region was too great to allow privatisation.

Amsterdam alderman for economic affairs Lodewijk Asscher said he was very pleased that Amsterdam and the state were back at the negotiating table. "Now we can talk about the future."

Schiphol CEO Gerlof Cerfontaine is hoping for a "consolation prize" now that the airport will not be floated on the market: He hopes that shares can be placed with a select group of institutional investors. Bos did not immediately dismiss this idea. If all the parties agree, then it will be discussed in the negotiations, he said.

Lodelijk Asscher said he was not in support of the sale of shares to private parties. He is willing to discuss the matter with Cerfontaine and Bos however.

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

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