The Ontario Teachers’ Pension Plan has reportedly sold a stake in the Brussels Airport, the largest airport in Belgium, to Japan’s Government Pension Investment Fund (GPIF) and Australian investor TCorp., according to several media sources.
A sale price and amount for the stake acquired by GPIF and TCorp were not disclosed.
Brussels Airport is a free-hold perpetual airport located in the political capital of Europe, host to the EU and NATO headquarters.
According to news reports, Ontario Teachers’ still retains the largest stake in the airport, in which Belgian Federal Holding and Investment Company (SFPI/FPIM) and APG and QIC are also investors. The APG, QIC consortium purchased a 36 percent stake in the airport from funds managed by Macquarie in December.
Prior to the deal, Ontario Teachers’ reportedly held a 39 percent stake in the airport.