Auckland Airport to sell North Queensland Airports stake for A$370 million

Mon, 15 Jan 2018

By Paul McBeth Jan. 16 (BusinessDesk) - Auckland International Airport will sell its quarter-stake in the Cairns and Mackay airports in North Queensland to its fellow investors for A$370 million, almost three times what it paid eight years ago. The Auckland Airport operator this month said it was considering sell the holding and today said it will offer its 25 percent stake in North Queensland Airports to the Australian transport hub's existing investors. All NQA investors are entitled to maintain their current holdings and Perron Invest...

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