Fraport to Sell 10% Stake in Delhi Airport by Early 2025 for $126 Million

Fraport AG, the German airport management company, has announced the sale of its 10% stake in Delhi International Airport Limited (DIAL) to GMR Airports Infrastructure Limited (GIL) for $126 million. The transaction is expected to conclude in the first quarter of 2025, marking the end of Fraport’s 18-year partnership in developing and expanding Delhi Airport (DEL).

Fraport’s Role in Developing Delhi Airport

Since 2006, Fraport has played a crucial role in transforming Delhi Airport into one of Asia’s premier air transportation hubs. Dr. Stefan Schulte, CEO of Fraport, expressed pride in the achievements during the partnership:

“After a successful 18-year partnership driving impressive growth in Delhi, it’s time to start a new chapter. We jointly upgraded and expanded Delhi Airport into one of Asia’s leading air transportation hubs.”

Despite the divestment, Fraport will continue to provide operational support under an existing Airport Operator Agreement with Delhi Airport.

Transaction Details and Future Outlook

The sale is expected to close within the next 180 days, subject to approval from the Airports Authority of India (AAI) and GIL shareholders. Fraport’s exit from Delhi Airport will bring an additional $126 million in cash inflow, which will contribute to reducing the Group’s net financial debt.

This transaction signifies Fraport’s shift in focus while maintaining a connection with its Indian partners.