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11-Oct-2010 12:19 PM

Macquarie in negotiations to sell stake in Newcastle airport

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.