FONT-SIZE Plus   Neg

BAA To Sell Edinburgh Airport For GBP 807.2 Mln - Quick Facts

British Airports Authority or BAA Ltd. (BAAPY.PK) reported agreeing to sell its 100% interest in Edinburgh Airport Ltd. to GIP for 807.2 million pounds, which is payable in full at closing. The sale may close by the end of May.

Edinburgh Airport handled 9.3 million passengers in 2011 and generated 48.3 million pounds of EBITDA for the same period. Following the Edinburgh Airport sale, BAA would own Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports.

BAA's advisors on the transaction included BNP Paribas, Citigroup, McGrigors, Ernst & Young, Leigh Fisher, Waterman and Marsh.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Retailers could see record web traffic this year as more consumers then ever before plan to shop online, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends. The survey found that holiday shoppers this year plan to spend just as much as online as they spend in brick and mortar stores. Oil giant Chevron Corp. on Friday reported a 37 percent decline in profit for the third quarter from last year, reflecting lower oil prices and weak refining margins. However, both revenue and earnings per share for the quarter beat analysts' estimates. In addition, the company raised its quarterly dividend. Mastercard Inc. (MA) reported a profit for the third quarter of 2016 that increased about 21 percent from the year-ago period, while it was up 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year's third quarter. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT