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Article: Fraport AG Receives EUR41.9 Million Under German Investment Guarantee Program for its Manila Investments.
- Article from:
- PR Newswire
- Article date:
- April 16, 2008
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FRANKFURT AM MAIN, Germany, April 16 /PRNewswire-FirstCall/ -- The German government agreed today to pay Fraport AG EUR41.9 million under the federal government's investment guarantee for capital investments outside Germany. Fraport AG had concluded such a guarantee contract as protection against political risks for its equity investment made in the Manila project. The amount can be increased, when specific requirements are met, by a further EUR3.9 million - and is being made with a conditional payback provision, oriented on the outcome of the legal proceedings. Furthermore, the payment is subject to Fraport AG's acceptance of payout conditions. This payment is expected ...