OMERS, the former owner of London City Airport, will compete with a consortium formed by Dutch pension fund manager APG and Australian infrastructure fund QIC and a second consortium led by Canada Pension Plan Investment Board (CPPIB) which includes Dutch pension fund PGGM and local Belgian insurance player AG, part of Ageas.
Brussels Airport is one of the largest airports in Europe, handling 26.4 million passengers and 667,220 tonnes of freight annually. At a valuation of 20 times EBITDA, Macquarie’s stake would be worth around 2.2 billion euros including debt. Brussels Airport Company has 912 employees at this location and generates $658.39 million in sales (USD). Additional reporting by Philip Blenkinsop in Brussels and Toby Sterling in Amsterdam; editing by Elaine Hardcastle A legal dispute between the Australian infrastructure fund and fellow shareholder Ontario Teachers’ Pension Plan (OTPP) on pre-emption rights over the asset stalled the sale of the transport hub until the dispute was resolved last summer. Brussels Airport Company NV/SA: Traffic Volume Recovery Following 2016 Terrorist Attack Shows Resilience of Airport Demand to One-Off Events. Brussels Airport is situated just 12 kilometers North-East of Brussels city center, at the heart of one of the most economically and politically stable areas in continental Europe. At a valuation of 20 times EBITDA, Macquarie’s stake would be worth around 2.2 billion euros including debt. All rights reserved. Here you can find all necessary information about flights, access and parking, luggage, shops and the expected rush at Brussels Airport. Moody's Investors Service 24 Nov 2016 Announcement Moody's: Low interest rates benefit EMEA infrastructure, utilities firms …
Our Analysis Reports are only available to CAPA Members. There are 8 companies in the Brussels Airport … Brussels Airport – Belgium’s largest – is a freehold perpetual airport located in the political capital of Europe, host to EU and NATO headquarters. LONDON/FRANKFURT (Reuters) - Canada’s pension fund, Ontario Municipal Employees Retirement System (OMERS), has emerged as a strong contender for a 36 percent stake in Brussels Airport ahead of final bids due in mid-March, two banking sources said.
According to ratings agencies, Brussels Airport’s earnings before interest, tax, depreciation and amortization (EBITDA) are around 300 million euros. In Britain, France’s Vinci took advantage of a Brexit hit to UK asset prices to buy a majority stake in London’s Gatwick for 2.9 billion pounds ($3.7 billion). Its principal customer is Brussels Airlines, which accounts for around 37% of its traffic. ... Macquarie has backed Brussels Airport … Macquarie has backed Brussels Airport for around 10 years but hired JPMorgan in early 2017 to help it exit as this is the last remaining asset of its first European infrastructure fund. Cargo volumes continue to rally and the letting of a new cargo facility helped boost property and estate income. Enjoy your flight! CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.Copyright © 2020. Macquarie, OMERS and CPPIB did not immediately respond to a request for comment. 2 Historical Financials ... EBITDA (post specifics) 246 284 304 291 308 326 Net Current Capex -80 -100 -124 -106 97 177 Change in Working Capital -2 34 -2 -4 7 26 … The majority of this website will not function as intended without JavaScript enabled. The airport needs its new low cost terminal to open on schedule in Oct-2009, but it has been mired in a legal … It is a strong performing gateway airport, supported by a transparent and stable regulatory regime. The airport, which serves as a hub for Lufthansa-owned Brussels Airlines, had nearly 26 million passengers last year, a rise of 4 percent compared to 2017. Other infrastructure, pension and sovereign wealth funds that had expressed interest, including Abu Dhabi Investment Authority and Germany’s Allianz among others, decided against it, several other sources said.
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