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Macquarie to sell Birmingham stake Australia's Macquarie Airports, a global airport investment fund, says it and partner Dublin Airport Authority, which hold a combined 48.25 percent indirect interest in Birmingham Airport in the U.K., may sell that stake to focus on other investments. Macquarie has a 15.5 percent direct stake in the airport that it says is worth US$163.1 million as of June 30 2006. It has a total interest of 24.1 percent. Birmingham makes up 3 percent of Macquarie’s total portfolio and contributes about that amount to earnings. The company wants to focus on more substantial investments in airports in Sydney, Rome, Bristol, Brussels and Copenhagen. A Reuters report on the possible disinvestment notes that European airports have been attracting investors thanks to stable, long-term income streams that result from a boom in air travel. Some predictions say the number of passengers in the region will double to 2 billion by 2020.
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