BlackStone, the director of alternative assets in the United States, agreed to obtain a 22 % stake in AGS airport in the UK from Avialline for 235 million pounds (303.5 million dollars).
Aviation will keep a 78 % majority share in AGS after treatment. This step ensures continuity in management and operational experience within the company.
In November 2024, Aviation The acquisition was announced From Ferrovial and Macquarie airports for 1.53 billion pounds ($ 1.95 billion).
Aviation is the fully owned airport platform for the Investment Board of Investments in the public sector (PSP Investments), which is one of the largest pension investors in Canada.
The partnership between BlackStone, Aviation and PSP Investments will expand and develop AGS airport facilities, with the aim of improving passengers travel experiences and supporting the growth of travel sector in the United Kingdom.
AGS, which runs more than 11 million passengers annually, runs three airports, including Glasgow and Abedin in Scotland, and Southampton in England.
Adialrance Director Gerhard Schroeder He said: “We look forward to developing a constructive and long -term partnership with Blackstone in favor of AGS, its management and employees, as well as all other stakeholders at the three airports.”
Blackstone Infrastructure in AGS is in line with its strategy to support the assets of the main transportation.
The company has previously invested in projects such as Mundys, the largest Toll Road and Signature Aviation, a major network of private flight stations.
BlackStone also runs European assets, including ASPI, the largest control road operator in Europe, as well as Roma Fiumicino and Ciampino airports.
“Transport is still a major area for Blackstone’s theme focus, due to the continued global growth in entertainment travel,” said BlackStone Strategies Greg Blank.
“AGS has access to one of the most diverse airlines mixture at any large airport in the UK, and recent capital improvements aimed at absorbing large aircraft paving the way for new roads and traffic growth higher.”
