Macquarie investment funds have sold its stake in Brussels Airport to a consortium formed by APG, QIC and Swiss Life.

The investment funds Macquarie European Infrastructure Fund 1 and 3 entered into an agreement to sell their 36% stake in Brussels Airport Company (BAC) to a consortium formed by the Dutch pension fund APG, the Australian investor QIC and the insurer Swiss Life in March 2019. The transaction was officially closed on December 4. 

The Sky Holding Belgium Fund, managed by the Belgian investment company PMV, announced the acquisition of a minority stake in the above-mentioned new consortium, an indirect shareholder of Brussels Airport Company on December 06, 2019. This fund regroups five Belgian investors: Pension fund Metal, insurance company Patronale Life, pension fund manager ‘Pensioenfonds Bouw’, investment fund Epico and PMV.

These two transactions do not bring about any changes in the shareholding or governance of Brussels Airport Company. Indeed, it will continue to be held by its two direct shareholders: the private company BAISA, which holds 75% of the shares, and the Federal Participation and Investment Company (SFPI-FPIM), which holds the remaining 25%.