Blackstone buys a stock at UK airports for £ 235 million

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Blackstone has made a transaction of £ 235 million to buy a share of Azerdin, Glasgow and Southampton owner as investors are trying to make a profit from the booming travel sector.

The American Group Private Capital on Friday stated Pspwhich will continue to own the rest of the business.

PSP purchased AGS Last year, from the Spanish construction group Ferrovial and Australian Macquarie assets at an enterprise value of £ 1.5 billion, including £ 900 million estimates.

It takes its stake in AGS through its company from the elderly Germany Avialiance, which also supported the airports serving Athens, Düsseldorf, Hamburg and San Juan Puerto Rico.

Blackstone’s investment goes on the heels of a broader humiliation of private investments in UK’s transport infrastructure.

Its infrastructure also invested internationally into paid Mundys, a private company’s private aviation and airport manager behind Fimicine and Ciampino Rome.

“Transport remains a key themed direction for Blackstone, given the prolonged global growth,” said Greg Blank, CEO of Blackstone infrastructure strategies.

Last year, AGS, which housed more than 11 million passengers, had one of the most diverse combinations of Airlines of any UK airport, and made changes to accommodate large aircraft and opening new routes and raising traffic, he added.

Private investors have returned several leading UK airports, including London Heathrows and Gatwick.

Last year Ferrovial agreed sell The vast majority of his hires in the private group of the Ardiana and Saudi Saudi Sovereign Fund.

Disable Heathrows last week with -wit the fire at a nearby force substation has raised questions About the stability of the UK infrastructure, which will call for further investment in emergency planning to avoid such interruptions.

Sandiren Kerton, Head of the PSP infrastructure department, said: “Both PSP, and Blackstone are like -minded long -term investors to support CSO development, which will benefit from Avialiance’s operational expertise.”