September 16, 2009
Australian investment firm Macquarie Airports (MAP) has agreed to sell its 35.5 percent stake in the UK’s Bristol airport and will lift its stake in Copenhagen airport, it said on Wednesday.
MAP sold the Bristol stake to Ontario Teachers’ Pension Plan for GBP128 million pounds (USD$211 million).
It will buy a further 3.9 percent of Copenhagen airport for DKK570 million kroner (USD$112 million), taking its stake to 30.8 percent.
“Bristol now represents just 4 percent of our portfolio by value, and we feel that our investors are better served deploying our resources elsewhere,” MAP said in a statement.
(Reuters)
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November 3, 2009 at 9:56 pm
Looks like a nice piece of business involving Bristol Airport