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Hanwha Investment & Securities Acquires Stake in Edinburgh Airport

Business / Kim SangJin / 10/08/2024 03:00 AM

Photo = Hanwha Investment & Securities

 

[Alpha Biz= Reporter Kim Sangjin] Hanwha Investment & Securities announced on the 7th that it has acquired a stake in Edinburgh Airport, Scotland.


Edinburgh Airport is jointly owned by global infrastructure investment firm Global Infrastructure Partners (GIP), which holds a 49.99% stake, and airport operator Vinci Airports, which owns 50.01%.

Hanwha Investment & Securities has acquired approximately 5.4% (about 126 billion KRW) of GIP's stake and is currently proposing joint investments through a fund of funds managed by Platform Partners Asset Management to domestic institutional investors.

According to Hanwha Investment & Securities, airport investments are considered prime infrastructure assets that can provide long-term dividend income and capital gains.

Notably, Edinburgh Airport is a major airport in Scotland, serving over 150 destinations and operating 220 flight routes, primarily focusing on long-haul connections to Europe and North America.

 

 

 

AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)

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