March 15, 2019 / 10:06 PM / 3 days ago

Macquarie to sell Brussels Airport stake to APG, QIC and Swiss Life

FILE PHOTO: A pedestrian stands near the logo of Australia's biggest investment bank Macquarie Group Ltd which adorns a wall on the outside of their Sydney office headquarters in central Sydney, Australia, July 18, 2017. Picture taken July 18, 2017. REUTERS/David Gray

(Reuters) - Macquarie Group’s asset management business said it agreed to sell its 36 percent stake in Brussels Airport Co to a consortium of Queensland Investment Corp, Swiss Life, and APG Asset Management, MIRA said on Friday.

The Australian bank’s Macquarie Infrastructure and Real Assets (MIRA) arm did not disclose the financial terms of the deal in its emailed statement to Reuters.

MIRA acquired its initial stake in Brussels Airport as part of the airport’s privatisation in 2004. The sale is expected to be completed by year-end, it said.

JPMorgan, Shearman & Sterling and Baker McKenzie advised MIRA on the sale.

Reporting by Sathvik N in Bengaluru, editing by G Crosse

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