Macquarie Airports to buy majority stake in Brussels International Airport Company

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The Australian group is expected to purchase 70% of the of the Brussels airport authority in December

Australia-based Macquarie Airports has been selected as the successful bidder of 70% of Brussels International Airport Company (BIAC). The official takeover date is expected to occur in December.

A consortium involving Macquarie Airports, which already holds interests in airports in Rome, Sydney, Bristol and Birmingham, intends to purchase 70% of the Brussels Zaventem airport authority. The remaining 30% of the airport is owned by the Belgian state. BIAC will continue to operate the airport for an indefinite period.

Macquarie ceo Kerrie Mather said: "The consortium is looking forward to working with the Belgian authorities to add value to BIAC's business and develop the long-term position of the airport as a major player in Europe's aviation market. As part of the consortium, we will acquire a 52% beneficial interest in Brussels airport, which is a highly attractive investment opportunity. The airport has the infrastructure necessary for developing its commercial business and real estate and for meeting future demand for passenger growth."