Blackstone to acquire a 22% stake in AGS Airports from AviAlliance for £235m.

The Blackstone Group agreed to acquire a 22% stake in AGS Airports, a platform of high-quality freehold airports providing access to key UK markets, from AviAlliance, an airport management company, for £235m. Blackstone’s investment, together with AviAlliance and PSP Investments, is intended to support the continued growth of the travel and tourism industries across the United Kingdom.