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Macquarie acquires stakes in trio of º£½ÇÊÓÆµ airports

Bristol, Birmingham and London City airports now have a new shareholder after hat-trick of deals with Ontario Teachers' Pension Plan

Australian bank Macquarie has invested in Birmingham, Bristol and London City airports(Image: Birmingham Mail)

An Australian bank has confirmed investment in three of the º£½ÇÊÓÆµ's biggest airports.

Following reports earlier this week that Macquarie was eyeing up stakes in Bristol, Birmingham and London City airports, it has now been confirmed that deals have been agreed.

Macquarie Asset Management has bought shares previously owned by Canadian outfit, the Ontario Teachers' Pension Plan.

The deals see it take a 55 per cent stake in Bristol, 26.5 per cent in Birmingham and 25 per cent in London City and follows reports late last year that the Canadian pension plan had started looking at offloading shares in the three airports.

Macquarie said in a statement that all three airports presented significant growth opportunities for airlines and a wide range of business partners and it was committed to supporting them to expand their route networks.

Gordon Parsons, senior managing director at Macquarie Asset Management in Europe, said: "Collectively, Birmingham, Bristol and London City airports serve over 25 million passengers each year and are a valued home for leading regional and global airlines.

"Each airport has a unique path for growth ahead and we're supportive of the management teams' plans to deliver enhanced customer experiences and more routes to each of the communities they serve.