Announced
Financials
Tags
air travels
Airports
Private
Single Bidder
United Kingdom
Infrastructure
Acquisition
Private Equity
Synopsis
Alberta Investment Management Corporation, OMERS, Ontario Teachers’ Pension Plan and Wren House Infrastructure Management signed an agreement to acquire the company that owns and operates London City Airport, a highly attractive infrastructure investment in the UK. A spokesperson for the Consortium said: “London City Airport is a premium infrastructure company, operating in a very attractive market. We look forward to working closely with the airport’s strong management team to achieve the business’s full long-term potential. Our investment and support will foster a mutually beneficial relationship between the airport and its airlines, passengers and employees, while ensuring a positive economic impact for all of London and the local community, in particular.”
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