Heathrow Airport Holdings to sell three airports

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Heathrow Airport Holdings to sell three airports Heathrow Airport Holdings (HAH) has announced plans to sell Southampton, Glasgow and Aberdeen airports by the end of the year.

HAH reported in a press release:

Over recent months Heathrow Airport Holdings group shareholders and management have been considering their strategic position in relation to our three airports, Aberdeen, Glasgow and Southampton. As a result the group is now formally entering a sale process. While there is currently no certainty that a sale will be concluded, the group intends to work towards completing a transaction by the end of the year.

According to sources Spanish transport infrastructure firm Ferrovial is planning to secure complete ownership of three airports. The Spanish firm could have tabled an £800 million bid. Ferrovial is HAH's biggest shareholder, with a 25% stake.

HAS is also owned by a consortium including Britannia Airport Partners and Singapore's GIC, Qatar Holding and Alinda Capital Partners.

Southampton Airport is located 6.5 km north north-east of Southampton, in the Borough of Eastleigh within Hampshire, England. The airport handled 1,722,758 passengers during 2013, a 1.7% increase compared with 2012, making it the 18th busiest airport in the UK.

Glasgow Abbotsinch Airport, is an international airport in Scotland, located 11 km west of Glasgow city centre. In 2013 the airport handled nearly 7.4 million passengers, a 2.9% annual increase, making it the second busiest in Scotland, after Edinburgh Airport, and the eighth busiest airport in the United Kingdom.

Aberdeen International Airport is located at Dyce, a suburb of Aberdeen, Scotland, approximately 9.3 km northwest of Aberdeen city centre. A total of 3.44 million passengers used the airport in 2013, an increase of 3.3% compared with 2012 and a record annual total for the airport.

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