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Ardian and co-pilot AENA seal £394m London Luton Airport purchase

28 Nov 2013

plane-airportArdian has sealed its biggest investment since rebranding from AXA Private Equity two months ago by teaming with AENA to buy London Luton Airport for almost £400m.

AENA, the world’s largest airport operator, and Ardian  picked up the asset from TBI, a joint venture 90 per cent owned by Abertis Infrastructure and 10 per cent by AENA.

The £394.4m equity deal will see the pair attempt to improve customer experience and “transform” the UK’s fifth largest airport in terms of passenger numbers.

Ardian infrastructure head Mathias Burghardt said, “As shareholders who hold to a long term perspective, we look forward to providing the certainty and stability necessary for the management of London Luton Airport to succeed.

“London Luton Airport must fulfil its role within the London airport system and add to the life and economy of Luton and the surrounding area in a sustainable way.”

AltAssets reported in June that AXA PE and AENA were interested in buying the asset.

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