Ferrovial announces an agreement for the sale of its 50% stake in AGS Airports

Press releases

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Ferrovial announces that an agreement has been reached with Avialliance UK Limited for the sale of its entire stake (50%) in AGS Airports Holdings Limited (AGS), the parent company owning the Aberdeen, Glasgow and Southampton Airports. As part of the agreement, Macquarie (Ferrovial’s joint venture partner in AGS) will also sell its entire stake (50%) in AGS.

The agreement values 100% of the stake at £900 million, representing the equity value for a 100% interest in AGS and is subject to certain closing adjustments and transaction costs. Net equity proceeds to Ferrovial will be determined at completion. This price represents an Enterprise Value (EV) estimated at £1.535 billion.

Completion of the disposal is subject to satisfaction of applicable regulatory approvals and is expected to close in Q1 2025. The estimated capital gain to be recognized by Ferrovial at completion is around 290 million euros.

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