Unravelling MAp's airport strategy
Australian airports operator MAp has advised it has entered into exclusive negotiations following receipt of a non-binding, highly conditional Asset Swap Proposal (ASP) from Ontario Teachers’ Pension Plan Board (OTPP). The Proposal involves the potential sale of MAp’s non-controlling interests in Brussels Airport and Copenhagen Airports in exchange for OTPP’s 11.02% interest in Sydney Airport and a net cash payment of AUD850 million.
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