TravelMole
Air

Aussie firm readying London City Airport stake purchase

Tuesday, 10 June 20253 min read
Aussie firm readying London City Airport stake purchase

Australia based Macquarie is reportedly close to buying a minority stake in London City Airport.

Sky News reported Macquarie Asset Management is near to finalising a deal.

It comes as London City Airport is set to announce a shakeup of its ownership structure.

It is unclear what the deal will be worth or the size of the stake.

Earlier this year it was reported that two major Canadian pension funds were exploring selling their stakes in the airport.

Macquarie was touted as a possible buyer of for Ontario Teachers’ Pension Plan’s 25% stake.