The European Bank for Reconstruction and Development (EBRD) has disclosed that it has signed an equity co-investment to acquire an indirect equity stake in Airport International Group (AIG), which holds the concession for the Queen Alia International Airport of Amman (QAIA).

EBRD will acquire the equity stake in the concessionaire through acquiring a share of the investment made in AIG by Meridiam Eastern Europe Investments 2 SAS. The other shareholders in AIG are ADP Group and Asma Capital, owning 51% and 17%, respectively.

The 25-year Build-Operate-Transfer concession concerns the rehabilitation, expansion and operation of the airport. 

EBRD's investment in the concession amounts to EUR30.5 million (US$35.0 million). The proceeds of the investment will be used to acquire shares and provide a shareholder loan, plus financing other associated costs.