UPDATE 1-Hochtief gets bids for airport unit - sources

Mon Apr 15, 2013 9:27am EDT
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* Fraport, GIP, Brookfield, Allianz put in tentative offers - sources

* Hochtief could fetch as much as 1.2 billion euros - sources

* Hochtief shake-up driven by new owner ACS

By Arno Schuetze

FRANKFURT, April 15 (Reuters) - German builder Hochtief , controlled by Spain's ACS, has received bids for its airport unit, two people with knowledge of the matter said.

Hochtief, which halted the sale of its six airport stakes early last year when it was unable to fetch a price of 1.5 billion euros ($2 billion), is trying again to sell its stakes in airports in Duesseldorf, Hamburg, Budapest, Sydney and Tirana. It has for now given up on looking for a buyer for Athens airport.

A source representing a potential buyer of the assets has said Hochtief could now fetch as much as 1.2 billion euros in the sale, which Deutsche Bank is organising. Deutsche Bank declined to comment on the matter.

Fraport, the operator of Frankfurt airport, Global Infrastructure Partners Ltd (GIP), which owns London's City and Gatwick airports, Canada's Brookfield Asset Management , and insurer Allianz have all put in offers, the sources said.

One additional bidder has put in a tentative offer for only the German operations up for sale, one of the sources said.   Continued...