HAH Completes Sale Of Three Airports

Heathrow Airport Holdings (HAH) has confirmed the sale of its 100 per cent interest in Aberdeen, Glasgow and Southampton airports for £1bn ($1.6bn) to a consortium formed by Spanish infrastructure company Ferrovial and Australia’s Macquarie Infrastructure Fund.

Heathrow Airport Holdings (HAH) has confirmed the sale of its 100 per cent interest in Aberdeen, Glasgow and Southampton airports for £1bn ($1.6bn) to a consortium formed by Spanish infrastructure company Ferrovial and Australia’s Macquarie Infrastructure Fund.

The completion of the deal, agreed in October, means HAH will now operate only Heathrow Airport after the UK Competition Commission ordered the breakup of its ownership of seven UK airports, which also included Gatwick, Edinburgh and Stansted.

John Holland-Kaye, chief executive of Heathrow, said: "This sale enables us to focus on improving Heathrow for passengers and winning support for Heathrow expansion.”

TAGS: Europe
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