Belgium: Brussels Airport to go on sale after shareholders settle dispute: sources

Investors Ontario Teachers Pension Plan (OTPP) and Macquarie have settled a legal dispute over Brussels Airport, allowing the sale of the transport hub to go ahead after the summer, sources familiar with the situation said. OTPP has given up its preemption rights over the asset and agreed to information being circulated to potential buyers of Macquarie’s stake, one of the sources said, without specifying what conditions the Australian investor met in return. A spokesman for OTPP declined to comment. OTPP bought 39% of Brussels Airport in 2011 and rights of first refusal on Macquarie’s stake. It wanted Macquarie to provide limited information to prospective bidders as this may give a competitive advantage to those taking part in the initial stages of the process. JP Morgan is still mandated to sell the airport, which had nearly 2.25m passengers in April, a rise of 5% compared with the same month in 2017. Brussels Airport serves as a hub for Brussels Airlines.<br/>