By Euro Weekly News Media • 17 October 2014 • 8:11
SOUTHAMPTON, Glasgow and Aberdeen airports have been sold to a joint Spanish-Australian consortium for just over £1 billion (€1.25 billion).
The consortium, formed by Ferrovial in Spain and Australia-based Macquarie, agreed the deal with owners Heathrow Airport Holdings. The sale is expected to be closed by January of next year. It is understood that the three airports will continue to be managed locally, but will benefit from the joint ownership of Ferrovial and Macquarie.
“Aberdeen, Glasgow and Southampton airports and their people have been part of our company for a long time,” said Heathrow chief executive John Holland-Kaye. “They are great airports and we are proud of their achievements. We wish the new owners and our airport colleagues every success and are confident the airports will continue to flourish.”
Glasgow airport carries around 7.4 million passengers each year, while Aberdeen carries 3.4 million and Southampton 1.7 million.
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Once again we are selling British assets to foreign buyers. Pretty soon they’ll be selling Buckingham Palace and the Houses of Parliament!
Ahem, BAA the owners who have sold this to Ferrovial and MacQuarrie are owned and operated by FGP Topco Limited, a consortium owned and led by the infrastructure specialist Ferrovial S.A. (25.00%), Qatar Holding LLC (20.00%), Caisse de dÃÂ©pÃÂ´t et placement du QuÃÂ©bec (13.29%), the Government of Singapore Investment Corporation (11.88%), Alinda Capital Partners (11.18%), China Investment Corporation (10.00%) and Universities Superannuation Scheme (USS) (8.65%)
So not really selling to foreign buyers, since they were last in British ownership when Thatcher privatised them.
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