Peel deny plans to sell UK airports
07.03.10
Peel Group has denied that it is trying to sell its UK airports in a bid to expand its port business, the Northern Echo reports. The newspaper revealed at the start of last month that talks were ongoing between Vancouver Airport Services and Peel over a stake in the business. Peel again refused to confirm or deny that negotiations had taken place last night, although it did reiterate that it was looking for a co-investor for the airport groups, not to sell a majority stake.
After it emerged that Peel was part of the Northstream consortium that bid £612m for Forth Ports on Friday, speculation increased that Peel was looking to sell a majority stake in its airports, which could raise £200m, to help fund the bid. But Peel said it stood by an earlier statement in which said: 'Any speculation that the Peel Airports Group, or any of the Group Airports, has been sold or is for sale is wrong. Peel Holdings confirmed several months ago that, at the appropriate time, it would consider the introduction of a co-investor into Peel Airports to provide further capital for the development and expansion of the airports group.
This remains the case.'
Peel Airports runs Liverpool, and Robin Hood and Durham Tees Valley airports. Vancouver Airport Services operates 18 small to medium-sized airports around the world, serving a combined 30 million passengers annually.
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