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Aussie firm readying London City Airport stake purchase
Australia based Macquarie is reportedly close to buying a minority stake in London City Airport.
Sky News reported Macquarie Asset Management is near to finalising a deal.
It comes as London City Airport is set to announce a shakeup of its ownership structure.
It is unclear what the deal will be worth or the size of the stake.
Earlier this year it was reported that two major Canadian pension funds were exploring selling their stakes in the airport.
Macquarie was touted as a possible buyer of for Ontario Teachers’ Pension Plan’s 25% stake.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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