Macquarie Airports increases JATCo stake

Nicole Mezzasalma

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MAp now has a 7.51% share in the Japanese company

A consortium led by Australian airports group Macquarie Airports (MAp) has increased its stake in Japan Airport Terminal Co (JATCo) from 9.56% to 12.47%. MAp’s direct interest in JATCo is now 7.51%.

MAp had previously defined its interest in JATCo as "a long-term strategic investment in a well-managed, high-quality business". The Australian company generates about 20% of its sales from retail and is looking to invest in airports with a “dominant market position”, “above average passenger growth”, “surplus capacity”, “margin growth potential” and an “underdeveloped commercial business”.