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Macquarie, a Macquarie company in Australia, has acquired stakes at UK airports

Macquarie Group, Australia's largest financial services company, announced on Wednesday that it had acquired from Ontario Teachers' Pension Plan stakes in the airports of Bristol City, Birmingham City and London City for an undisclosed sum.

The investment bank has purchased a 55% share in Bristol Airport, 26.5% in Birmingham Airport, and 25% in London City Airport.

Sky News broke the story of this deal, which is for London City Airport - the fifth largest airport in London - earlier this month.

Macquarie said that through the investment it is committed to support the airports which serve more than 25 million passengers per year over the long-term by expanding their routes networks and further improving passenger experience.

Macquarie announced that the deal for London City Airport has reached financial closure. The acquisitions of the other two airports will be completed by the fourth fiscal quarter in 2025.

(source: Reuters)