$4 valuation by citigroup, page-8

re: rome poss sale. Back in late September Rome Airport said it had sold its 20 per cent stake in the Airport Corporation of South Africa for €215 million ($278 million), slightly ahead of analyst expectations. Some will be returned to shareholders, including Macquarie Airports.

MAP's share is expected to be about $43 million, which will be distributed to shareholders next year at 2.7c a share. Some analysts reckon MAP could also lift its dividend.