Former Gatwick owner sells three more airports

Five years after the sale of Gatwick Airport, Heathrow Airport Holdings Ltd has agreed to sell Aberdeen, Glasgow and Southampton airports.

A consortium formed by Ferrovial, through its subsidiary Ferrovial Aeropuertos, and Macquarie European Infrastructure Fund 4 (MEIF4) will pay £1,048 million in cash and assumed debt for the three airports.

Subject to EU merger regulation clearance, the sale is expected to complete by January 2015.

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