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Manchester Ap Grp Fd (38LZ)

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Tuesday 05 December, 2017

Manchester Ap Grp Fd

Disposal

RNS Number : 4004Y
Manchester Airport Grp Funding PLC
05 December 2017
 

Issuer: Manchester Airport Group Funding PLC

Date: 5th December 2017

 

Manchester Airport Group Funding PLC

Company No. 8826541

 

Disposal of Bournemouth International Airport

 

The Issuer's parent, Manchester Airport Group Investments Limited ("MAGIL") has entered into an agreement to sell its entire shareholdings in Bournemouth International Airport Limited ("BIAL)"and its subsidiaries to Regional and City Airports Holdings Limited, a subsidiary of Rigby Group plc.

As at 31 March 2017, BIAL and its subsidiaries had total annual passenger volumes of c.0.7m, representing less than 2% of total passenger volumes across the MAG Group.  Charlie Cornish, Chief Executive of MAG, said: "We wish the new owners every success and are confident that the airport will continue to flourish as we focus on improving Manchester, London Stansted and East Midlands airports."

 

Ends

 

 

Enquiries:

 

Investor Relations                                               [email protected]

 

MAG Press Office                                                [email protected]          

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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