Dutch government cancels plans for Schiphol Group IPO

Tina Milton

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The new Dutch government has abandoned plans for the Initial Public Offering (IPO) of shares in the Schiphol Group

The new Dutch coalition government has shelved plans for an IPO of shares in airport operator Schiphol Group. The decision was revealed as part of the new government’s policy. As a result, the decision of the Crown to annul the City of Amsterdam's decision to block the IPO will be reversed.

The group’s board of management said: “Considering the international competition with privatised airports in Europe we regret that after years of consultation a long standing wish will not be fulfilled”.

President and CEO of Schiphol Group Gerlach Cerfontaine said: “Now seems to be the right moment to start a dialogue and to look, together with the City of Amsterdam, at ways in which Amsterdam can contribute to retaining Schiphol's leading international position and see to it that [the concept of] ‘Amsterdam Leading City’ can be supported. Subsequently, we will discuss this with the new government.”