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- Release Date: 25/11/13 10:30
- Summary: ASSET: IFT: Infratil sells Glasgow Prestwick Airport
- Price Sensitive: No
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IFT
25/11/2013 08:30
ASSET
REL: 0830 HRS Infratil Limited
ASSET: IFT: Infratil sells Glasgow Prestwick Airport
Infratil Limited has sold Glasgow Prestwick Airport to TS Prestwick Holdco
Limited, an entity wholly owned by the Scottish Ministers, for cash
consideration of 1 pound.
"Recognising the importance of the airport to the local communities and
regional and national economy, Infratil's preference has always been to
secure a new owner with the capacity to support the future success of Glasgow
Prestwick Airport." said Marko Bogoievski, Chief Executive of Infratil.
"We believe that a Scottish Government acquisition achieves that objective
and Infratil Limited is very pleased to have successfully completed the
transaction."
Kevin Baker
Chief Financial Officer
End CA:00244203 For:IFT Type:ASSET Time:2013-11-25 08:30:04
