InfraBridge Announces Agreement to Sell Majority of Its Stake in Leeds Bradford and Newcastle Airports to Aena

Core Viewpoint - InfraBridge has entered into a binding agreement to sell a 51% stake in a newly formed holding company that owns 100% of Leeds Bradford Airport and 49% of Newcastle International Airport to Aena, valuing the stake at approximately GBP 270 million [1][2][4]. Group 1: Transaction Details - The transaction is subject to customary conditions, including regulatory approvals, and will be completed once all conditions are satisfied [2][10]. - Leeds Bradford Airport served approximately 4.3 million passengers in the last financial year ending March 2025, playing a critical role in regional connectivity and economic activity [2][3]. - Newcastle International Airport welcomed 5.2 million passengers in the last financial year ending December 2024, with services from 16 airlines to over 80 direct destinations [3]. Group 2: Strategic Implications - The agreement reflects the strong performance and long-term potential of both airports, with InfraBridge expressing excitement about future growth prospects [4]. - Aena's Chairman and CEO highlighted this operation as a significant step in Aena's commitment to expanding in markets with great potential, such as the UK, where it already has experience with Luton Airport [5]. - The transaction strengthens the long-term strategic partnership between InfraBridge and Aena, building on their existing collaboration in UK airport assets [4][5]. Group 3: Company Backgrounds - InfraBridge is a diversified middle-market infrastructure manager focused on digital infrastructure, transport, logistics, and energy transition, managing USD 108 billion in assets [6]. - Aena operates a network of 46 airports in Spain and has international operations, including Luton Airport in London and 17 airports in Brazil, managing 20% of Brazilian air traffic [7][8].