ONTARIO TEACHERS’ INVESTMENT POSITIVE FOR BRISTOL INTERNATIONAL
Bristol International Airport (BIA) has welcomed today’s announcement that Ontario Teachers’ Pension Plan (Teachers’) will increase its shareholding in BIA, after entering an agreement to acquire the interest currently held by Macquarie Airports (MAp) . The transaction is subject to a number of conditions as well as anti-trust clearance, and is expected to close before year end. Teachers’ currently holds 14.5% of BIA, and has agreed to acquire an additional 35.5% 1 of shares held by MAp, the Australian Stock Exchange listed airports operator, following a review of MAp’s airport portfolio.