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By Andres Gonzalez, Emma-Victoria Farr and Elisa Anzolin
LONDON, Dec 1 (Reuters) – A group of infrastructure investors around Europe are working on the sale of their stakes in European airports, leveraging on the recovery of travel in the wake of the COVID-19 pandemic, according to bankers, investors and industry sources.
Among the largest airports that could see a change of ownership from 2024 is Edinburgh, five of the sources said.
Its owner, Global Infrastructure Partners (GIP), is bidding to sell its majority stake in a deal that could value the airport at more than 2. 5 billion euros ($2. 72 billion), according to two people familiar with the matter. of the file, who spoke on condition of anonymity because the procedure is private.
AGS Airports, which oversees operations at Aberdeen, Glasgow, and Southampton airports and is owned by Macquarie and Ferrovial, may also follow, according to two people with knowledge of the plans.
Investors in 2i Aeroporti, which owns a stake in the operator of Milan’s Linate and Malpensa airports, are also up for sale, according to three sources familiar with the matter.
2i Aeroporti’s minority investors, Ardian and Credit Agricole Assurance, have taken on Mediobanca and Credit Agricole as a client for their 49% stake in the company, the sources said.
The operator of Catania airport, SAC, also has Mediobanca and the Gianni law firm.
Ardian, GIP, Ferrovial, Macquarie, Crédit Agricole and Mediobanca declined to comment. (Reporting by Emma-Victoria Farr, Andres Gonzalez, Elisa Anzolin, additional reporting by Joanna Plucinska, Mathieu Rosemain, editing by Anousha Sakoui and Elaine Hardcastle)