"This is another significant investment for the scheme and its members in a high quality infrastructure company. The growth of our infrastructure portfolio by our in house team is a compelling model for the trustee board in meeting its long term commitments to members."NATS is the UK's leading provider of air traffic control services operating since 1962. Last year the company handled 2.1 million flights, carrying some 220 million passengers in the UK, which has some of the most complex airspace in the world. This depth of experience, combined with innovation that has driven significant performance improvements over the past decade has led to NATS providing services to 15 UK airports and in more than 30 countries around the world spanning Europe, the Middle East, Asia and America.Gavin Merchant, Senior Investment Manager, Infrastructure, USSIM said:
"NATS is the global leader in air traffic control and is a strong example of where private and public ownership has worked together to build a national asset of strategic importance. NATS is well positioned to maintain its high level of safety performance and to drive operational improvement through innovation. We look forward to working with the existing shareholders and the management team in delivering these objectives."
A month ago, Ferrovial reached an agreement to sell 8.65% of FGP Topco Ltd., the holding company which owns Heathrow Airport Holdings Ltd. (HAH), to the Universities Superannuation Scheme Limited (USS) for £392 million.