Heathrow Airport Holdings Limited has agreed to sell Aberdeen International Airport , Glasgow Airport and Southampton International Airport in order to focus on winning approval for expansion at Heathrow.
The airports will be sold to a consortium formed by Ferrovial and Macquarie for £1,048 million in cash and assumed debt.
John Holland-Kaye, Chief Executive of Heathrow, said: “Aberdeen, Glasgow and Southampton airports and their people have been part of our company for a long time. They are great airports and we are proud of their achievements. We wish the new owners and our airport colleagues every success and are confident the airports will continue to flourish.
“This sale enables us to focus on improving Heathrow for passengers and winning support for Heathrow expansion. Heathrow is the UK’s only hub airport, connecting the whole of the UK to the world and bringing economic benefits locally and nationally.”
The sale is expected to close no later than January 2015. It is subject to EU merger regulation clearance.