MAp completes 'transformational transaction' as it waves goodbye to Europe

Further to the recent report in Airport Investor Monthly (#81, Jul-2011) concerning MAp Airports’ asset swap proposal, MAp has now struck a firm and binding agreement with the Canadian Ontario Teachers’ Pension Plan Board (OTPP) to divest its stakes in Copenhagen and Brussels airports, and to raise its share in Sydney Airport. According to MAp’s CEO Kerrie Mather, who has also just become CEO and MD of Sydney Airport, the transaction will reposition MAp with a sole focus on Sydney Airport, something which Airport Investor Monthly has predicted for the last two years. [1991 words]

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This report contains the following subheadings:

• A transformational transaction: Mather
• EBITDA champion
• The road MAp to a Sydney branding
• Important Nordic gateway
• Brussels is this month’s ‘Star’ performer
• Bad timing

This report contains the following charts and tables:

• Table: Sydney Airport traffic and financial results, six months ended 30-Jun-2011 (all financial figures in USD)