Axa Private Equity and airport operator AENA are reportedly set to acquire London’s Luton airport from Spanish infrastructure group Abertis.
A deal could be announced today, however, final details had not yet been agreed as at Monday evening, said the FT, citing people close to the talks.
Abertis, which owns 90 per cent of Luton, is hoping for a deal that would value the airport at €490m, while AENA wants the airport to be valued at below €400m, said the sources.
“The agreement is advanced and the deal has moved on significantly (on Monday), but is still not signed,” an Abertis spokesman told the publication.
AENA currently holds a ten per cent stake in the airport and needs a financial backer for the takeover as it already has a very large debt of €15bn.
It is expected that Aena will hold a 51 per cent in the airport with Axa owning the balance if their bid is successful.
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