Announced

AviAlliance to acquire AGS Airports from Macquarie and Ferrovial for £1.53bn.

Synopsis

AviAlliance, an industrial airport investors and managers, agreed to acquire AGS Airports, a company that owns and operates the primary airports, from Macquarie, a diversified financial group, and Ferrovial, a company that operates in the infrastructure sector for transportation and mobility, for £1.53bn ($2bn). "Over the past 10 years, Macquarie and Ferrovial have played a central role in unlocking our full potential. Their close partnership with the teams across our three airports ensured we had the support to invest in our passenger offering while improving our operations. We are grateful for their close stewardship and look forward to continuing to develop our services and beneficial impact on passengers and communities across the regions of Aberdeen, Glasgow and Southampton," Andy Cliffe, AGS Airports Chief Executive Officer.

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