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London City, Bristol and Birmingham airports put on the block
The Daily Guardian
|November 25, 2024
Birmingham, Bristol and London City airports have reportedly been put up for sale by their Canadian pension fund owner as it looks to cash in on a resurgence in air travel after the pandemic.
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The Ontario Teachers' Pension Plan (OTPP) is said to be in talks over a potential sale of its stakes in the UK airports to minority shareholders. The portfolio, which also includes Copenhagen and Brussels airports, is estimated to be worth more than £10bn.
The minority shareholders have the right of first refusal for 30 days, but the move could prompt those smaller stakeholders to sell up instead.
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