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Australia's SITE buys 49 percent of Newcastle Airport

from The Wall Street Journal

Australia's AMP Capital-managed Strategic Infrastructure Trust of Europe, or SITE, has acquired a 49 percent stake in Newcastle International Airport's holding company NIAL Group from Copenhagen Airports. "It is a high quality asset with excellent facilities used by more than 4.4 million passengers per annum," AMP Capital Managing Director Europe Boe Pahari said in a statement. "The airport already has the necessary infrastructure to further develop its commercial business and for meeting future demand for traffic growth," he added. more

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