Edinburgh Airport has been sold by BAA to Global Infrastructure Partners (GIP) for £807.2m, it was announced today. The cash deal will be completed by the end of May.
Adebayo Ogunlesi, Chairman and Managing Partner of GIP commented: “Edinburgh Airport is a high quality infrastructure asset. Its acquisition is a landmark deal for GIP and represents the first investment by GIP II. We see significant opportunity to apply our tested and successful operational expertise and our knowledge of the global airports sector to develop and enhance the performance of Edinburgh Airport in years to come.”
BAA announced that it would sell Edinburgh Airport in October last year after the Competition Commission ruled it must sell one of its Scottish hubs.
Colin Matthews, Chief Executive of BAA, said: "Edinburgh Airport and its team have been part of BAA for a long time and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish. BAA will continue to focus on improving passengers' journeys at Heathrow and its other airports.”