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Old 7th Mar 2009, 21:49
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MerchantVenturer

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Bristol Airport To Be Sold?

A TimesOnLine report this weekend suggests that Macquarie is trying to offload major assets "in a desperate attempt to raise cash and pay down debts."

The report says the value of Macquarie shares has plummeted in recent months.

Amongst the major assets mentioned are Thames Water, the M6 toll road and Bristol Airport.

The airport is owned in a slightly complex way (see next paragraph which is copied from the BRS website) and the Times report doesn’t specify a particular Macquarie fund, although it may be referring to all Macquarie funds.

Bristol International Airport is 100% owned by South West Airports Limited (SWAL), a joint venture holding company owned by Bristol Airport (Bermuda) Limited (BABL) and Macquarie European Infrastructure Fund (MEIF). Both BABL and MEIF are managed by Macquarie Capital Funds (Europe) Limited (MCFEL), a subsidiary of Macquarie Group Limited.

Aussie funds to ditch UK assets - Times Online
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