Heathrow Airport Holdings Limited is to sell is 100% interest in three major UK airports.
The airports to be sold are Aberdeen International Airport Limited, Glasgow Airport Limited and Southampton International Airport Limited.
Speaking about the forthcoming sale, Chief Executive of Heathrow, John Holland-Kaye, said, “Aberdeen, Glasgow and Southampton airports and their people have been part of our company for a long time. 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.”
The company is to sell the airports to the consortium group, formed by Ferrovial and Macquarie for £1,048 million in cash and assumed debt, payable in full at closing (subject to EU merger regulation clearance).
Mr Holland-Kaye added, “This sale enables us to focus on improving Heathrow for passengers and winning support for Heathrow expansion. Heathrow is the UK’s only hub airport, connecting the whole of the UK to the world and bringing economic benefits locally and nationally.”