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The Dublin Airport Authority (“DAA”), through its wholly-owned subsidiary, Aer Rianta International c.p.t. (“ARI”) and Macquarie Airports Group (“MAG”), who each hold an interest of 24.125% in Birmingham Airport Holdings Limited (“BAHL”) announce that they have conditionally agreed to dispose of their combined 48.25% stake in BAHL to Airport Group Investments Limited, a consortium comprising Ontario Teachers’ Pension Plan Board and Victorian Funds Management Corporation, for a combined consideration of £420 million. Completion of the transaction is subject to certain conditions, including pre-emption arrangements, and is not expected to occur for a number of months.
DAA, which was advised by IBI Corporate Finance, and MAG announced their intention to explore a joint sale of their interest in BIA on 15 January 2007.
Contact:
Vincent Wall, Communications Director, DAA
Tel.: 01
8144107
Mobile: 087-6860727
May 17, 2007
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