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Koebenhavns Lufthavne A/S Completes Divestment of NIAL Group Ltd.; Company's Subsidiary Discontinues Support Service Agreement with NIAL


Friday, 16 Nov 2012 06:37am EST 

Koebenhavns Lufthavne A/S announced that it has signed an agreement on October 26, 2012 to sell its 49%-interest in the share capital of NIAL Group Ltd. (NIAL), the parent company of Newcastle International Airport (Purchaser), to a fund managed by AMP Capital Investors Limited. The sale was subject to the refinancing of NIAL's existing group facility and new debt funding from LA7 and the Purchaser. These conditions have been fulfilled and accordingly the sale was completed on November 16, 2012. The divestment of NIAL will be recognized in the Company's financial statements for the fourth quarter of 2012.The support services agreement between the Company's subsidiary Copenhagen Airports International A/S and NIAL was discontinued on closing of the sale. The Company is continuing to provide certain Information Technology (IT) services to NIAL. 

Company Quote

2658.0
17.0 +0.64%
22 Oct 2014