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AXA Private Equity, AENA team up for Luton Airport bid

4 Jun 2013

airport 6_sqLondon’s Luton Airport could reportedly be taken over by a private equity-backed consortium in a deal that could value it at €400m.

Spanish infrastructure company Abertis is in talks to sell its 90 per cent stake in the airport to Spanish airport operator AENA and its private equity partner AXA, said Reuters.

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.

The group is likely to try to expand its asset base ahead of a planned privatization of a minority stake by the government, said the report.

Last week it was reported that AXA and Bain Capital were invited to make final offers for Apax and LBO France-owned furniture store chain Maisons du Monde.

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