AUCKLAND Int’l Airport Limited (AIA) has announced it intends to sell off its 24.6% stake in North Queensland Airports (NQA)to Perron Investments & The Infrastructure Fund for $370m.
“After an extensive process, we are very pleased to have reached a position that will result in the sale of our entire interest and that two existing and experienced infrastructure investors have agreed to support NQA in the next stage of its development,” AIA told the ASX this morning.
The sale is subject to approvals.
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Source: traveldaily