Become a CAPA Member
Loading
07-Oct-2011 12:21 PM

MAp reaches financial close of asset swap

Direct News Source

07-Oct-2011 MAp today reached financial close for the asset swap agreement with Ontario Teachers' Pension Plan Board.As a result, MAp has increased its interest in Sydney Airport to approximately 85%1, and disposed of its entire interests in Copenhagen Airports and Brussels Airport.

This follows the announcement on 28 September 2011 that all conditions precedent for the asset swap agreement were satisfied.

MAp remains on track to complete the previously announced Simplification by 31 December 2011, subject to investor approval. Full details of this process will be provided to investors shortly.