Abertis To Sell Luton Airport

Abertis is to sell London Luton Airport to a consortium headed by Aena in a deal worth €502m. TBI, a company owned by abertis and Aena Internacional, is to sell off the company that holds the concession for Luton to a consortium formed by Aena and AXA Private Equity. The transaction is subject to authorisation from the competition authorities. The airport has been part of abertis' portfolio since 2005, when the company and Aena Internacional purchased the British operator TBI. Following a number of divestments over the past few months, abertis' airport business will be limited to a stake in Mexico's Grupo Aeroportuario del Pacífico (GAP) in Mexico and the concession for Montego Bay airport in Jamaica. Luton Airport's largest airline customer, easyJet, backed the move.

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