Macquarie Airports sells Bristol airport interest
SYDNEY, Sept 16 |
SYDNEY, Sept 16 (Reuters) - Australian investment firm Macquarie Airports (MAP) MAP.AX has agreed to sell its 35.5 percent stake in the UK's Bristol airport and will lift its stake in Copenhagen airport, it said on Wednesday.
MAP sold the Bristol stake to Ontario Teachers' Pension Plan for 128 million pounds ($211 million). It will buy a further 3.9 percent of the Danish airport for 570 million Danish crowns ($112 million), taking its stake to 30.8 percent. "Bristol now represents just 4 percent of our portfolio by value, and we feel that our investors are better served deploying our resources elsewhere," MAP said in a statement. ($1=.6066 Pound) (Reporting by Jonathan Standing; Editing by Michael Urquhart)
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