AUSTRALIA. Fast-growing Macquarie Airports today announced it has spent A$282 million (US$221 million) in acquiring an 11.3% stake in Kobenhavns Lufthavne A/S (Copenhagen Airports).
The Danish group owns Copenhagen Airport and has an international portfolio that includes a 49% holding in Newcastle Airport in the UK, a 20% stake in Hainan Meilan Airport, China and 8% of ASUR in Mexico.
“Through our investment in Copenhagen Airports, Macquarie Airports is continuing to increase its participation in the European airport sector,” said Chief Executive Kerrie Mather. “European investments now make up over half of MAp’s portfolio by value.”
She said the acquisition is a long-term strategic investment.
Macquarie Airports already owns significant investments in Sydney, Brussels, Rome, Birmingham and Bristol airports.
Mather said the company would consider adding to its 11.3% stake in Copenhagen Airports if the price and circumstances were right. Among possible sellers would be the Danish government, which holds just over a third of the company.
MORE STORIES ON MACQUARIE
Macquarie’s Brussels acquisition is cleared – 20/12/04
Macquarie confirms Brussels deal as Australian giant broadens global presence – 08/11/04
