BAA today announces that it has agreed to sell its 100% interest in Edinburgh Airport Limited to GIP for GBP 807.2m. The sale price is payable in full at closing.
Colin Matthews, Chief Executive of BAA, said: "Edinburgh Airport and its team have been part of BAA for a long time and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish.
"BAA will continue to focus on improving passengers' journeys at Heathrow and its other airports."
The sale is expected to close by the end of May.
Notes to editors
- Edinburgh Airport handled 9.3m passengers in 2011 and generated EBITDA of GBP 48.3m for the same period.
- After the sale of Edinburgh Airport, BAA will own Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports.
- BAA's advisors on the transaction included BNP Paribas, Citigroup, McGrigors, Ernst & Young, Leigh Fisher, Waterman and Marsh.
