With Brexit fast approaching and merger and acquisition (M&A) activity on the rise, S&P Global Ratings’ senior director, Julyana Yokota, explores what 2019 may have in store for airport operators.
The primary consideration is Brexit. “Questions remain over how the impact of Brexit could hinder traffic growth – most notably for UK airport operators,” writes Yokota.
M&A activity continues to represent a key trend. In France, for instance, a recent law has permitted the sale of stakes in Aerports de Paris – the operator of the Charles de Gaulle and Orly airports. France-based infrastructure group Vinci, which currently holds an 8% stake in ADP, is keen to pursue this opportunity.
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