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Manchester Airports Group buys Stansted Airport for £1.5bn

Lee Baker
25 January 2013

 

Manchester Airports Group (MAG) has agreed to buy Stansted Airport from Heathrow Airport Holdings for £1.5bn.

The sale, ordered by the Competition Commission, is a major boost for MAG, the largest UK-owned airport operator, whose shareholders are the ten Greater Manchester district councils.

As part of the deal, Australian infrastructure investment group ?Industry Funds Management will become an investor in MAG, taking a 35% stake, giving it an equal share of voting rights to Manchester...

+80% more

 

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