Crédit Agricole CIB acted as sellside adviser to Macquarie and Ferrovial on the £1.5 billion disposal of AGS Airports to AviAlliance
On Wednesday 13th of November, Macquarie Asset Management (Macquarie) and Ferrovial reached agreement to sell AGS Airports (a portfolio of Glasgow, Aberdeen and Southampton airports) to AviAlliance (an airport operator backed by Canadian pension fund PSP) for £1.5 billion.
Crédit Agricole CIB acted as joint sellside adviser to Macquarie and Ferrovial. AGS airports, 50:50 joint-venture between Macquarie and Ferrovial, provide essential domestic and international connectivity to three important economic and population centres across the UK and serves more than 10.8 million passengers annually.
This mandate for two of the World’s top infrastructure investors illustrates the strength of Crédit Agricole CIB’s infrastructure M&A franchise and its strong industrial knowledge of the Airport sector (having also advised on M&A deals involving Edinburgh Airport and 2i Aeroporti earlier this year). It is a success story that stems from a great collaborative effort, and demonstrates the Bank’s ability to support long-standing clients in their strategic business evolution.
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