A plane taxis previous the management tower at Edinburgh Airport in Scotland April 23, 2012. REUTERS/David Moir/File Photograph Purchase Licensing Rights
LONDON, Dec 1 (Reuters) – A gaggle of infrastructure traders round Europe are engaged on the sale of their stakes in European airports, leveraging on the restoration of journey within the wake of the COVID-19 pandemic, based on bankers, traders and business sources.
Among the many largest of the airports that will see a change of possession as quickly as 2024 is Edinburgh, 5 of the sources stated.
Its proprietor International Infrastructure Companions (GIP) is engaged on the sale of its majority stake in a course of that will worth the airport at over 2.5 billion euros ($2.72 billion), based on two sources near the state of affairs, who spoke on situation of anonymity as a result of the method is personal.
AGS Airports, which oversees operations at Aberdeen, Glasgow, and Southampton airports and is owned by Macquarie and Ferrovial, might also observe, based on two folks with data of the plans.
Buyers in 2i Aeroporti, which has a stake within the operator of Milan’s Linate and Malpensa airports, are additionally weighing a sale, based on three sources near the matter.
The minority traders in 2i Aeroporti, Ardian and Credit score Agricole Assurance, have employed Mediobanca and Credit score Agricole to discover a purchaser for his or her 49% stake within the firm, the folks stated.
Catania’s airport operator SAC additionally employed Mediobanca and legislation agency Gianni & Origoni to help within the “preparatory and operational section” of a privatisation course of, SAC Chief Government Nico Torrisi stated in an emailed assertion.
Ardian, GIP, Ferrovial, Macquarie, Credit score Agricole, and Mediobanca declined to remark.
Reporting by Emma-Victoria Farr, Andres Gonzalez, Elisa Anzolin, extra reporting by Joanna Plucinska, Mathieu Rosemain, Modifying by Anousha Sakoui and Elaine Hardcastle
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