Aena Buys Majority Stake in Leeds Bradford and Newcastle Airports from InfraBridge

Reuters12-18
Aena Buys Majority Stake in Leeds Bradford and Newcastle Airports from InfraBridge

InfraBridge has reached a binding agreement to sell a 51% stake in a new holding company, which owns 100% of Leeds Bradford Airport and 49% of Newcastle International Airport, to Aena S.M.E., S.A. According to InfraBridge, the transaction values the stake at approximately GBP 270 million. After the deal, InfraBridge will retain a 49% shareholding in the holding company. Both airports, described as "freehold" assets, will continue to be operated and managed independently. The agreement deepens the partnership between InfraBridge and Aena, who already jointly own London Luton Airport. The completion of the transaction remains subject to customary closing conditions and approvals.

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