Australian bank tipped to sell Bristol airport stake

Australian bank tipped to sell Bristol airport stake 

Australian bank Macquarie Group is believed to be looking to sell its 50% stake in Bristol airport.

The bank first bought into the airport from FirstGroup and Bristol City Council in 2001 for £198 million. At the time, Cintra, part of the Spanish Ferrovial group, owned a stake before Macquarie bought them out in 2006.

Now reports suggest the airport could change ownership as the bank is considering selling its stake, which could be worth between £200m and £250m, according to the Sunday Times.

It is thought the sale may interest the Ontario Teacher’s Pension Plan, which already owns 49% in the airport and also has a stake in Birmingham Airport and Camelot Group, the operator of the National Lottery. Sydney Airport has a 1% stake in the airport.

Bristol airport saw passenger numbers increase to 6.1 million in 2013, 3.4% up on 2012.

Sourced from Travel Weekly

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