Heathrow Airport Holdings has agreed to sell Stansted
Heathrow Airport Holdings Limited has announced that it has agreed to sell its 100% interest in Stansted Airport Limited to Manchester Airports Group for £1.5 billion in cash, payable in full at closing.
Colin Matthews, chief executive of Heathrow, said “Stansted Airport and its people have been part of our company for a long time. It has been named by passengers as ‘the world’s best airport for low-cost airlines’ for two consecutive years at the Skytrax World Airport Awards, and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish. We will continue to focus on improving Heathrow, Glasgow, Aberdeen and Southampton airports.”
Completion of the sale is expected by the end of February 2013. Manchester Airports Group currently own three airports, Manchester, East Midlands and Bournemouth.