ICG takes off with £200m deal for Exeter and Bournemouth airports

The London-listed concern radical ICG is closing successful connected a £200m woody to bargain 3 of Britain's biggest determination airports.

Sky News has learnt that ICG is expected to motion a ceremonial statement to bargain Bournemouth, Exeter and Norwich airports aboriginal this month.

The trio of sites collectively service conscionable implicit 2 cardinal passengers annually.

ICG is buying the airports from Rigby Group, a privately owned conglomerate which has interests successful the hotels, bundle and exertion sectors.

Exeter acted arsenic the hub for Flybe, the determination bearer which collapsed successful the aftermath of the pandemic.

The woody volition travel amid a frenzy of enactment involving Britain's large airports arsenic infrastructure investors question to exploit a betterment successful their valuations.

AviAlliance, which is owned by the Canadian pension money PSP Investments, agreed to bargain the genitor institution of Aberdeen, Glasgow and Southampton airports for £1.55bn past year.

London City Airport's shareholder basal has conscionable been shaken up with a woody which saw Australia's Macquarie instrumentality a ample stake.

French capitalist Ardian has accrued its concern successful Heathrow Airport arsenic the UK's biggest aviation hub proposes an enlargement that volition outgo tens of billions of pounds.

ICG and Rigby Group declined to remark .