Type
Merger/Acquisition
Country
Germany
Region
Sachsen-Anhalt; Magdeburg; Magdeburg
Location of affected unit(s)
Magdeburg
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Warehousing And Support Activities For Transportation
52.2 - Support activities for transportation

150 jobs
Number of planned job creations
Job creation
Announcement Date
4 March 2010
Employment effect (start)
Foreseen end date

Description

On 4 March 2010, the Economics and Labour Ministry of Saxony-Anhalt announced the sale of the Cochstedt airport (Magdeburg) - of all grounds and rights of operations - to the Danish company Airport Development A/S. The listed company belongs to two Danish entrepreneurs involved in logistics as well as in consulting and real estate. Airport Development owns the airports Fürstenwalde and at Neuhardenberg (both Brandenburg) and runs a logistics centre at Leipzig airport. The company said that at Magdeburg 150 jobs will be created at a new training centre for ground staff and at various transport and packaging facilities (particularly of pharmaceuticals).


Sources

Citation

Eurofound (2010), Airport Development A/S, Merger/Acquisition in Germany, factsheet number 70441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70441.