Brussels Airport potential sale as Macquarie Airports is planning an exit

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Brussels Airport is being prepared for a potential sale as Macquarie, one of its part-owners, is planning an exit from Belgium’s main hub, according to several people close to the matter, Reuters reported yesterday.

In 2016 Brussels Airport welcomed 21,8 million passengers and the airport is currently Europe’s 26th largest airport.

Brussels Airlines, recently taken over by Lufthansa, uses the airport as its main hub. Brussels is also the main hub of TUI fly Belgium and Thomas Cook Airlines Belgium.

In 2004 Macquarie bought a 70% stake worth 735 million Euros from BIAC ( Brussels International Airport Company, the former name of the airport operating company), a stake that was later reduced to 36%, and is currently in talks with co-owner Ontario Teachers’ Pension Plan which owns 39%, next to the Belgian State with 25%.

Continue reading: http://www.reuters.com/article/brusselsairport-sale-idUSL8N1G258S?type=companyNews

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