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Old 30th Sep 2013, 18:13
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Richard Taylor
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Sell-off?

From the P&J this morning (as an 'exclusive' entitled 'Rising Profits lead to talk of sell-off at Aberdeen gateway' ); I think there was a previous post here musing about 'what if' the place was put up for sale:

'Aberdeen Intl Airport could find itself with a new owner as a result of talks believed to be taking place among investors in the current parent.

The P&J understands that shareholders of HAH...are mulling the future of the Granite City terminal.

HAH is owned by FGP T
opco, a consortium 33.65%-owned & led by Spanish infrastructural specialist Ferrovial.

Other investors include Qatar Holding (20%), Caisse de depot et placement du Quebec (13.29%), Govt of Singapore Investment Corp (11.88%), Alinda Capital Partners (11.18%), China Investment Corp (10%).

"Conversations are going on about Aberdeen & what to do with it," a 'source' told the P&J yesterday, adding that many of the investment partners favoured a sale.

It is thought Ferrovial, which took over AIA & other airports run by what was then BAA...in 2006, may also be interested taking AIA out of HAH & setting it up as a stand-alone business. The P&J's 'source' said a range of interested parties were 'definitely interested' in buying AIA.

HAH refused to comment & Carol Benzie, who takes up her role as MD at AIA tomorrow, said she was unaware of current plans to sell the business.'


There we go. Any truth? Journalistic licence? Bona Fide quotes (unnamed sources, naturally)? Cards close to chest, for some.

If it was Middle or Far East investors? BRING IT ON!!

Ferrovial? off!!

Is the sale a realistic proposition & could it do for ABZ (on a smaller scale obviously!) what the likes of Global Infrastructure Partners (GIP) is doing at EDI?
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