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Macquarie sells AGS Airports

November 2024

Client(s) Macquarie Asset Management

Jones Day is advising Macquarie Asset Management in the sale of AGS Airports to AviAlliance, a wholly owned subsidiary of PSP Investments, alongside its joint venture partner, Ferrovial.

AGS Airports owns and operates the primary airports serving Aberdeen, Glasgow and Southampton. These airports provide essential domestic and international connectivity to three important economic and population centres across the UK and serve more than 10.8 million passengers annually.

The terms of the transaction represent an enterprise value for the business of approximately £1.53 billion.

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