ANNUAL REPORT ‘12
2013 OUTLOOK
145
15_2013 OUTLOOK
It goes without saying that 2013 will leave an indelible
mark on the course taken by the ANA Group. The sign-
ing of the contract between Vinci Concessions SAS and
the Portuguese State, which took place on 21 February
2013, represents a decisive step in the process of that
Group’s acquisition of ANA, S.A. shares. This contract
should go into full effect by the end of the summer of
2013, after approval of the privatisation process by
European anti-trust authorities.
The strategic project of the new shareholder aims to
make national airports into key international platforms,
and its intention is to extend the airport infrastructure
network to new locations, specifically Latin America
and African Portuguese and French-speaking countries.
These are challenges that the ANA Group accepts and
with the support of its shareholder, it is prepared to
successfully carry them out.
The new economic regulation model defined by
Decree-Law no. 254/2012 of 28 November goes into
effect in 2013, and this is another event with particular
impact on the economy of airport business, represent-
ing one of the main pillars of its support. This regulation
model applies to the Group’s airport network, making
the principle of integrated business management a
concrete reality.
Within this context, and although the expectations are
that 2013 will be a turning point in terms of global
economic growth, some economists have been
expressing concern over the fact that the estimates
for recovery beginning in the second quarter of 2013
will turn out to be too optimistic.
According to the latest revision by the International
Monetary Fund, lower growth rates in the United States,
a slight contraction in the euro zone and a downturn in
the economic activity in emerging countries will cause
the global economy to grow less than what had been
projected for 2013, with GDP expected to grow in the
neighbourhood of 3.5%.
