Cuatrecasas advises on part privatisation of Spanish airport operator

Spanish firm Cuatrecasas Gonçalves Pereira has picked up a prized instruction from the country’s airports operator on its partial privatisation.

State airport owner and manager Aeropuertos Españoles y Navegación Aérea (Aena) announced this week that Cuatrecasas had won the €699,000 (£621,780) contract, which went out to tender earlier this year.

Almost every firm in Spain bid for the coveted role, which forms part of the Spanish government’s attempts to restructure state-owned enterprises in the wake of the financial crisis.

The project is scheduled to take 12 months, according to a statement released by Aena. The transaction, which involves the sale of 49 per cent of Aena’s capital, prompted protests and strike threats from Spanish airport workers.

Cuatrecasas corporate partners Francisco Pérez Crespo and Nicolás González-Deleito Domínguez will lead the work.

González-Deleito Domínguez said: “This is a very relevant operation for its economic importance and because it represents an innovation in our regulatory law that will lead to the implementation of a new airport, with important implications for administrative law, public procurement and public-private partnership, corporate, securities and tax.”