I don't know if this information is already available on this forum .
http://www.businessday.com.au/business/ ... 1ge54.html
Macquarie in asset swap deal ? BRU/SYD
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liege-bierset
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Re: Macquarie in asset swap deal ? BRU/SYD
I also read the information in Trends: http://trends.rnews.be/fr/economie/actu ... 22-06-2011 (French) and Het Nieuwsblad: http://www.nieuwsblad.be/article/detail ... 110622_079 (Dutch)
However, I am puzzled by the figures: I thought that MAp owned 75% of BAC. Does it mean that they would only swap a part of their ownership and keep some 44% of BAC, the Ontario Teachers Pension Fund acquiring 31% ?
However, I am puzzled by the figures: I thought that MAp owned 75% of BAC. Does it mean that they would only swap a part of their ownership and keep some 44% of BAC, the Ontario Teachers Pension Fund acquiring 31% ?
André
ex Sabena #26567
ex Sabena #26567
Re: Macquarie in asset swap deal ? BRU/SYD
Two important things in this case.
1) At the beginning Map owns the whole part and increased their part in BRU. They even wanted 100% but the Belgian government was against this plan and hold their stake of 25% in BRU.
However, Map splitted in two big parts. One part which invested in airports and an other part whose interest is all about funds. Both parts has nothing to do with each other any more!!
This means that Map decreased their part in BRU a first time some years ago and now a second time this year.
This also means that the Australian funds owns 36% of BRU and Map 39%. If you can read behind the lines then you know that Map is selling BRU.
2) If my memory serves me well then it is a year ago that it was internally decided that Map was going to sell BRU. The agreement is that Map will some out with this news, what they did today.
1) At the beginning Map owns the whole part and increased their part in BRU. They even wanted 100% but the Belgian government was against this plan and hold their stake of 25% in BRU.
However, Map splitted in two big parts. One part which invested in airports and an other part whose interest is all about funds. Both parts has nothing to do with each other any more!!
This means that Map decreased their part in BRU a first time some years ago and now a second time this year.
This also means that the Australian funds owns 36% of BRU and Map 39%. If you can read behind the lines then you know that Map is selling BRU.
2) If my memory serves me well then it is a year ago that it was internally decided that Map was going to sell BRU. The agreement is that Map will some out with this news, what they did today.
Re: Macquarie in asset swap deal ? BRU/SYD
Will this influence the future projects at BRU?Atlantis wrote:Two important things in this case.
1) At the beginning Map owns the whole part and increased their part in BRU. They even wanted 100% but the Belgian government was against this plan and hold their stake of 25% in BRU.
However, Map splitted in two big parts. One part which invested in airports and an other part whose interest is all about funds. Both parts has nothing to do with each other any more!!
This means that Map decreased their part in BRU a first time some years ago and now a second time this year.
This also means that the Australian funds owns 36% of BRU and Map 39%. If you can read behind the lines then you know that Map is selling BRU.
2) If my memory serves me well then it is a year ago that it was internally decided that Map was going to sell BRU. The agreement is that Map will some out with this news, what they did today.
Re: Macquarie in asset swap deal ? BRU/SYD
Hi Conti764,Conti764 wrote:Will this influence the future projects at BRU?Atlantis wrote:Two important things in this case.
1) At the beginning Map owns the whole part and increased their part in BRU. They even wanted 100% but the Belgian government was against this plan and hold their stake of 25% in BRU.
However, Map splitted in two big parts. One part which invested in airports and an other part whose interest is all about funds. Both parts has nothing to do with each other any more!!
This means that Map decreased their part in BRU a first time some years ago and now a second time this year.
This also means that the Australian funds owns 36% of BRU and Map 39%. If you can read behind the lines then you know that Map is selling BRU.
2) If my memory serves me well then it is a year ago that it was internally decided that Map was going to sell BRU. The agreement is that Map will some out with this news, what they did today.
No problem with that. It's all on paper because Map ofcourse knew last year that they wanted to sell BRU. They announced this year that they wanted to invest further in BRU. Map Airports is an independent airport operator. Map investment is a financial group who will take care of this (36%). If the Canadians will take over the part of Map then they will do the same: investment in BRU. And that's what BRU needs: cash!!
The other candidate to take over the 39% of Map was Fraport. But the decision is not final yet.