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31-Mar-2025 4:58 AM

Blackstone agrees to acquire minority stake in AGS Airports

Blackstone agreed (28-Mar-2025) to acquire a minority stake of 22% in AGS Airports from AviAlliance for GBP235 million. AviAlliance will remain the majority shareholder with a 78% stake. Blackstone Infrastructure Strategies CEO Greg Blank stated: "Transportation remains a key thematic focus area for Blackstone, given continued strong global growth in leisure travel. AGS has access to one of the most diversified airline mixes of any major UK airport, and the company's recent capital improvements aimed at accommodating large aircraft pave the way for new routes and higher traffic growth". [more - original PR]

Background ✨

AviAlliance acquired AGS Airports from Macquarie Group and Ferrovial for an enterprise value of GBP1.53 billion, appointing Kam Jandu as CEO of AGS Airports1. AviAlliance expressed confidence in its investment in Aberdeen International Airport, Glasgow Airport, and Southampton Airport, despite facing challenges due to a downturn in the regional aviation market affecting its airports in Germany2. AGS Airports had launched a sustainability strategy aimed at achieving net zero emissions by the mid-2030s3.

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