Macquarie confirmed it has commenced negotiations to sell its 49% stake in Newcastle Airport in the UK (Financial Times, 10-Oct-2010). Negotations are at an early stage. The airport is owned through Macquarie’s controlling stake in Copenhagen International Airport and is reportedly valued at approximately GBP500 million.
Macquarie in negotiations to sell stake in Newcastle airport
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The Global Airport Development (GAD World) conference was held in Lisbon, between 29-Nov and 01-Dec-2016. This CAPA report chronicles the presentations and debates that took place on the first two days, including selected ‘stream’ sessions on both days.
There was, inevitably, a political overlay to the event, with the (Jun-2016) UK referendum on continuing membership of the European Union (‘Brexit’), the (Nov-2016) election of President Trump in the US and associated ‘uncertainty’ dominating events.
Otherwise, the concern was, as always, the ‘pipeline’ of airport privatisation details, or rather the lack of them, while the hope was for the continuation of the trend towards PPP deals.