Wed, 18 Sep 2019 | BUSINESS SALE
Infrastructure investment management group, Ancala Partners, has acquired a 45 per cent stake in Liverpool John Lennon Airport (LJLA).
The deal was affirmed with the purchase of 35 per cent of the hub from The Peel Group, and 10 per cent from Liverpool City Council, who will respectively retain 45 per cent and 10 per cent interest following the completion of the deal.
Ancala Partners cited the airport’s ideal geographic placement and within the regional economy, and believes it has an “outstanding potential for growth” by attracting future investment and garnering new services across the airport.
A senior partner at Ancala, Spence Clunie, said: "Transport infrastructure is a highly promising segment of the market, so we are delighted to be acquiring a stake on behalf of our investors in such a prestigious regional airport. LJLA has already seen substantial growth in recent years and we see strong prospects for this continuing.
"We look forward to growing our partnership with the Peel Group, with whom we have a strong track record of creating value in infrastructure assets. Our aim is to work with Peel to make LJLA the first choice for passengers across the region, delivering new routes and services."
Chief executive of The Peel Group, Steven Underwood, commented: “The successful track record we share with Ancala was a key factor in selecting them as our partner for LJLA.
"By building on the airport's already exceptional operational standards and passenger experience, we aim to be best in class in all respects and to deliver increased value for all our stakeholders."
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