OMERS to bid for Macquarie's stake in Brussels airport
Ontario Municipal Employees Retirement System (OMERS), a Canadian pension fund, is reportedly planning to bid to take over the 36% stake in Brussels Airport owned by Macquarie Group.
OMERS will be competing against two consortia for the acquisition. The first is comprised of Dutch pension fund manager APG and Australian infrastructure fund QIC, while the second contains Canada Pension Plan Investment Board (CPPIB), Dutch pension fund PGGM and Belgian insurance company AG.
The Abu Dhabi Investment Authority and Allianz are also thought to be interested in the stake.
Brussels Airport is an international airport located around 12km northeast of Brussels, the capital of Belgium. It handled more than 24 million passengers in 2017, making it the 23rd busiest airport in Europe.
Macquarie Group has owned a stake in the airport for around 10 years. In 2017, it commissioned JP Morgan to manage the divestment process as the asset is the sole remaining facility of its first European infrastructure fund. The sale represents around EUR2.2 billion (US$2.5 billion) including debt.
Country updates
-
-
February 26, 2019
Belgian hospital launches tender for car park PPP
Hôpital Erasme C.U.B., a hospital in the south-west of Brussels, has launched a tender for the development, design, construction, management, and operation of a new multi-storey car pa...
Read more -
February 01, 2019
DIF consortium achieves FC on Liège tramway PPP project
DIF has announced that the Tram’Ardent consortium, comprising DIF Infrastructure V (80%), French civil construction firm Colas (10%) and Spanish rolling stock manufacturer Construcciones y Auxil...
Read more -
January 02, 2019
Belgian consortium closes acquisition of stake in leisure complex
Home Invest Belgium, Belfius Insurance, the listed infrastructure investor TINC and the infrastructure fund DG Infra Yield have closed, together with a French partner, the acquisition of Sunparks De H...
Read more -
December 04, 2018
Tender launched for schools PPP cluster in Belgium
GO! Education, a public institution commissioned by the Flemish Community, has launched tender for the development of a cluster of school building projects. The selected private partner will design, c...
Read more -
December 03, 2018
DIF-led consortium wins street lighting PPP project in Belgium
The LuWa consortium, comprising DIF Infrastructure V fund, EDF Luminus and Citelum, has won the EUR200 million (US$226.3 million) Plan Lumières lighting PPP project. This involves th...
Read more
