Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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).
Eurofound (2010), Airport Development A/S, Merger/Acquisition in Germany, factsheet number 70441, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70441.