Blackstone takes stake in UK airports group for £235m Transport and infrastructure Blackstone has bought a 22 per cent stake in AGS Airports in a deal valued at £235m, it has been announced. The agreement sees AviAlliance offload some of its holdings in AGS, which owns Aberdeen, Glasgow and Southampton airport, although it will retain a majority 78 per cent stake. AGS was acquired by PSP, one [...]
UK airport operator bought by Canadian pension fund for £1.5bn Transport and infrastructure An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]