TAV, Fraport make best E7.25b bid for Turkey's Antalya Airport

A consortium of Turkey's TAV Airports and Germany's Fraport (FRAG.DE) made the best bid of E7.25b in a tender for the expansion of Antalya Airport's capacity and its operating rights for 25 years, they said on Wednesday. The statement said they would invest some 765 million euros in expanding the capacity of the airport, in Turkey's tourism hub on its southern coast, to 80 million passengers a year. Shares in TAV surged 9.7% after the announcement.<br/>