Macquarie Group sells stake in Japan’s Haneda airport
30 Jul 2009
Australia's biggest investment bank, Macquarie Group, yesterday said it has offered to withdraw investment from Japan Airport Terminal Co., the operator of terminal buildings at Tokyo International Airport (Haneda).
Japan Airport Terminal will acquire all offered shares for about 20.06 billion yen, or 1,000 yen per share.
In response to Japan Airport Terminal's just-closed tender offer for up to 21.9 per cent of its own shares in terms of voting rights, the Australian fund has offered to sell its 20,063,500 shares, or 19.97 per cent of the Japanese firm's outstanding shares.
Macquarie Group, through its International Infrastructure Holdings B V unit, is Japan Airport Terminal's largest shareholder.
Japan Airport Terminal is engaged in the construction and management of passenger terminal facilities at Haneda. The company also rents offices and stores to airline companies and airport concessionaires; operates shops, information counters, parking lots, rental hall and conference rooms, and travel insurance agencies.
In addition, it operates commissioned duty-free shops and involves in the wholesale of duty-free goods at Narita International Airport, Kansai International Airport, and Central Japan International Airport.
