Aviation & Aerospace
Southampton Airport's new £17m runway, completed last September.
Published: November 15, 2024 | Updated: 15th November 2024
AGS Airports, which owns Southampton Airport as well as Aberdeen and Glasgow, has been acquired by German operator AviAlliance in a deal valued at £1.53 billion.
Spanish construction firm Ferrovial and Australian finance company Macquarie have each sold their 50 per cent stake in AGS for £900 million, with AviAlliance taking on an additional £653 million in debts.
The deal is expected to complete in the first quarter of 2025.
Gerhard Schroeder, managing director of AviAlliance, said: “As a seasoned airport investor and manager with in-depth industry expertise, AviAlliance will enable each airport to realise their full potential.
“We’re committed to supporting the airports over the long term to expand their route networks, further improve the passenger experience and implement the airports’ sustainability strategy.”
Wholly owned by Canadian pension investor PSP Investments, AviAlliance also operates airports in Dusseldorf, Hamburg, Athens and San Juan.
