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Meinl Airports acquires Turkish airport operator

Meinl Airports International AG has acquired a 10.1% stake in TAV Havalimanlari Holding AS (TAV Airports) for 190M Euro or $277.6M.

As part of the deal Meinl Airports will receive a board seat and an option to purchase another 4% stake. TAV operates seven airports, including Ataturk International (IST) in Istanbul, Turkey. That airport is one of Europe’s largest, handling more than 30M passengers annually.