BAA Sell Australian Assets
BAA has sold its subsidiary which holds the group's interests in six Australian airports to Hastings Fund Management, an Australian entity.
The A$775m deal is part of BAA's strategy to dispose of non-core international assets, the company says.
The sale involved a 19.8 percent interest in Melbourne and Launceston airports, 15 percent in Perth and ten percent stakes in three Northern Territory airports.
By stafff writer