Ferrovial sells 50% stake in AGS Airports
November 22, 2024
Ferrovial has announced the sale of its 50% stake in AGS Airports Holdings Limited, the parent company of Aberdeen, Glasgow, and Southampton Airports.
Joint venture partner Macquarie will also divest its 50% share, with the agreement valuing AGS at £900 million in equity, subject to adjustments and costs. The deal places AGS’s enterprise value at £1.535 billion.
Completion, expected in Q1 2025, is pending regulatory approvals.
Ferrovial anticipates a capital gain of approximately €290 million. The company remains a global infrastructure leader, operating in over 15 countries with 24,000 employees worldwide.
Ferrovial, a leading global infrastructure company, plays a significant role in the airport sector, operating and investing in major hubs worldwide. With stakes in key facilities such as Heathrow Airport, Ferrovial has shaped the aviation landscape through strategic investments.
