MAp increase airport stake
16.05.08
Macquarie Airports (MAP) said it is set to increase its beneficial interest in Bristol Airport from 32.1 percent to 35.5 percent through the restructure of its co-shareholding in Macquarie Airports Group (‘MAG’).
MAG and the Macquarie Group Limited (MQG) are to restructure MAG from a limited life investment fund into a holding company. The group said that this removes any risk of a potential sale of the investment in Bristol Airport, which could have occurred upon the winding up of MAG.
MAP said it has taken the opportunity of the restructure to acquire an additional 6.7 percent of MAG from Colonial First State Super and UniSuper for a consideration of £21.2 million. A spokesman said: ‘This brings MAp’s total interest in MAG to 70.9 percent.'
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