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Canton Zurich to sell off shares in Kloten airport

Zurich's Kloten airport is to gain new shareholders as the cantonal authorities reduce their stake in the newly privatised company.

The canton of Zurich is reducing its holding in “Unique Zurich airport” from 78 per cent to around 50 per cent. The share offer runs until November 15, and trading in the newly issued shares will start the following day.

The canton plans to further reduce its share in the airport to around a third of its original stake.

Unique Zurich airport plans to maximise the potential of Kloten by increasing its commercial activities. The fifth expansion programme currently underway is central to these plans.

The airport’s range of shops and services is expected to double, once the expansion is completed in 2004.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR