Davis Polk advised the joint global coordinators and representatives of the several underwriters in connection with the €3.9 billion Rule 144A/Regulation S initial public offering of the ordinary shares of Aena, S.A. The global offering comprised a retail offering in Spain and an offering to institutional investors within and outside of Spain. The ordinary shares are listed on the Spanish stock exchanges. The offering is the largest initial public offering in Europe since 2011 and the largest initial public offering in Spain since 2007. It is also the second-largest initial public offering in Spain in history. 

 

Aena is the leading airport operator in the world in terms of passenger volume. It currently operates 46 airports, six military bases and two heliports, all of which are located in Spain. Through its subsidiary Aena Internacional, it also operates the London Luton airport in the United Kingdom and has equity stakes in companies operating twelve airports in Mexico and two airports in Colombia.  

 

The Davis Polk capital markets team included partner Michael J. Willisch and associates Ester del Valle Izquierdo and Marcus K. Hintze. The tax team included partner John D. Paton and associates Sarah Joy and Lena X. Qiu. Members of the Davis Polk team are based in the Madrid and London offices

Copy link to share post