Bristol on the block?
SPECULATION is mounting that Australian Investment group, Macquarie Airports, is set to sell its 35.5 per cent stake in BristolAirport. Reports cite a number of
analysts saying Macquarie is likely to sell soon, following the third
consecutive month of declining passenger numbers over its entire
airport portfolio. Luke McNab, a Royal Bank of Scotland analyst, said that
Macquarie was willing to offload Bristol “For the right price”. “It has been rumoured around the market that pretty much all of the assets in the listed vehicles have been up for sale if there were reasonable offers on
the table,” McNab added. The 2006 boom times saw over 6 million people pass through Bristol’s doors, and at the time it was valued at around £283
million, however it is now expected to fetch far below this.