Aberdeen and Glasgow Airports Sold in £1.53bn Deal
AGS Airports, which runs three major UK airports—Aberdeen, Glasgow, and Southampton—has been sold to AviAlliance, a German infrastructure firm. The deal, which includes £900 million for the acquisition and £653 million in debt liabilities, is set to conclude in the first quarter of 2025. AviAlliance, owned by the Canadian Public Sector Pension Investment Board (PSP Investments), already has a portfolio of airports, including those in Athens, Dusseldorf, Hamburg, and San Juan. This move marks a significant shift in the ownership of the UK’s transport infrastructure. Gerhard Schroeder, managing director of AviAlliance, expressed the company’s commitment to improving the airports’ passenger…
