Macquarie closes sale of its stake in Brussels Airport

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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%.

List of the country updates

Country updates

  • November 27, 2019

    Tender launched for development of Soulier car park in Namur

    APP CHR Sambre & Meuse in Belgium has launched tender notice seeking private developers for the Soulier car park project in Namur. Namur is the capital city of the Wallonia region of Belgium....

    Read more
  • October 25, 2019

    ABP/APG to acquire CPPIB’s 39% stake in car park owner and operator Interparking

    ABP through its pension investor APG is to acquire a 39% stake in Interparking, one of Europe’s largest car park owners and operators. APG will buy the stake from CPP Investment Board Europe S.&...

    Read more
  • October 25, 2019

    Tender launched for Mixed use development project in Antwerp

    The Gands in Belgium has launched tender for assisted living development in Antwerp. The project scope involves new construction and renovation of 34 assisted living apartments, a service center,...

    Read more
  • October 22, 2019

    Refinancing done for Liefkenshoek Rail tunnel project

    BAM PPP has, on behalf of the 100% sponsor BAM PPP-PGGM, successfully refinanced the Liefkenshoek rail tunnel´s EUR 580 million (US$ 647.51 million) of debt and associated interest swaps with th...

    Read more
  • September 23, 2019

    CPAS de Namur launches tender for residential PPP construction

    Belgian public care provider, CPAS de Namur, has launched a tender for the construction of a nursing home in Harscamp and care and a service residence in Salzinnes.  The interested develope...

    Read more

Share this update