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OA260
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Joined: Thu Nov 30, 2006 8:50 pm

Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 8:59 am

News this morning that ABZ,GLA,SOU to be sold off.

A state-backed Singaporean investment fund is poised to participate in a £1bn takeover of the UK's biggest regional airports that will be announced within days.
Sky News has learnt that the Government Investment Corporation of Singapore (GIC) is expected to take a slice of the equity in Aberdeen, Glasgow and Southampton airports, alongside Ferrovial, the Spanish infrastructure giant, and Macquarie, the Australian bank.
GIC's involvement is understood to be in the process of being finalised although it may not be publicly named as an investor when the deal is announced early next week, according to insiders.

https://uk.finance.yahoo.com/news/singaporeans-swoop-1bn-uk-airports-084318619.html
 
jumpjets
Posts: 1492
Joined: Tue Apr 10, 2012 2:17 pm

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 10:15 am

If I recall correctly both Ferrovial and GIC haver significant holdings in BAA [or whatever they call themselves now!] - not sure about Macquarie - so it looks like a sort of group reconstruction, that would facilitate the sale of some/all the regional airports to 3rd parties should that be necessary at some point in the future.
 
vv701
Posts: 5895
Joined: Fri Aug 19, 2005 10:54 am

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 1:11 pm

Heathrow Airort Ltd is owned by Heathrow Airport Holdings Ltd who also own ABZ, GLA and SOU.

Heathrow Airport Holdings Ltd is owned by Ferrovial S.A. (25.00%), Qatar Holding LLC (20.00%), Caisse de dépôt et placement du Québec (13.29%), the Government of Singapore Investment Corporation (11.88%), Alinda Capital Partners (11.18%), China Investment Corporation (10.00%) and Universities Superannuation Scheme (USS) (8.65%).
 
hotplane
Posts: 729
Joined: Fri Jul 21, 2006 10:44 pm

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 2:58 pm

And HAH have the cheek to use the Union Flag on their adverts.
?
 
skipness1E
Posts: 4884
Joined: Sun Aug 19, 2007 9:18 am

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 3:47 pm

Quoting hotplane (Reply 3):
And HAH have the cheek to use the Union Flag on their adverts.

You can be based in the UK and foreing owned. British Airways is not 100% British.
 
boysteve
Posts: 890
Joined: Sun Apr 25, 2004 7:02 am

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 7:06 pm

Why is this? I know that there are debt issues, or are they trying to raise cash to build a runway at LHR???
 
by738
Posts: 3127
Joined: Wed Sep 20, 2000 7:59 am

RE: Heathrow Airport Holdings To Sell Off ABZ,GLA,SOU.

Fri Oct 03, 2014 7:15 pm

With brand new investors without a focus on LHR will be interesting and hopefully good times for these regionals !

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