Copenhagen Airports, Macquarie Airports hit hard – share wrap

Copenhagen Airports and its parent, Macquarie Airports (MAp), were sold off heavily yesterday, falling 7.3% and 7.0%, respectively.

MAp fell to a five-year low (a 63% discount to its last disclosed net asset value), following yesterday’s announcement it would scrap its share buy-back and redirect cash to retire debt at Sydney Airport.

Selected airports daily share price movements (% change): 23-Feb-09