The worlds leading Airport company

Company BAA Airports Limited
Date 01.08.2010

BAA today announces the sale of its US retail management contracts business for USD 50m (GBP 32m) to AMU Holdings Inc., a wholly-owned subsidiary of Prospect Capital Corporation.

The sale reflects BAA's ongoing strategy to divest non-core assets. The US business represents four retail development contracts at Pittsburgh International Airport, Boston Logan International Airport, Cleveland Hopkins International Airport and Baltimore-Washington Thurgood Marshall International Airport, with various expiries between 2017 and 2022.

The sale is unconditional and closed on Friday, 30th July 2010.

Further information from: –
Malcolm Robertson, BAA Limited, 07788 567680
Don Hunter, Finsbury, +44 (0) 207 251 3801

Contact

BAA
234 Bath Road
Hayes, Middlesex
United Kingdom
UB3 5AP
  • +44 (0)141 585 6000