Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for BAA PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.