Australia-based MAp Airports has sold its 35.5% stake in Bristol airport and acquired an additional 3.9% stake in Copenhagen Airports.
MAp sold the stake in Bristol airport to the Ontario Teachers' Pension Plan (OTPP) for £128 million ($205 million), says the airport operator.
It acquired a 3.9% interest in Copenhagen Airports from OTPP for DKK570 million ($109 million), increasing its stake to 30.8% from 26.9%.
The airport operator received a net cash inflow of A$98 million ($86 million), it adds.
Its additional interest in Copenhagen Airports is held directly, instead of through the existing holding company structure, says MAp.
Source: Air Transport Intelligence news