Hanwha Securities buys 5.4% stake in Edinburgh Airport

The company will strengthen its position in the global infrastructure investment market through airport stake acquisition

Hanwha Securities' headquarters building in Seoul
Hanwha Securities' headquarters building in Seoul
Eunhyeok Ryu 1
2024-10-07 17:16:25 ehryu@hankyung.com
Banking & Finance

Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.

Edinburgh Airport is jointly owned by Global Infrastructure Partners (GIP), a world-renowned infrastructure investment management firm, and VINCI Airports, with GIP holding a 49.99% stake and VINCI Airports holding 50.01%.

Hanwha Investment & Securities acquired 5.4% (around $93.5 million) of the stake owned by GIP.

The company proposed a co-investment opportunity through a fund of funds managed by Platform Partners Asset Management to domestic institutional investors.

According to Hanwha Investment & Securities, airport investments are considered prime infrastructure assets, as they can provide long-term dividend income and capital gains.

Edinburgh Airport is a major airport in Scotland, offering over 150 destinations and 220 flight routes, primarily focused on long-haul routes to Europe and the Americas.

Write to Eunhyeok Ryu at ehryu@hankyung.com
#Hanwha Investment & Securities #Edinburgh Airport #Global Infrastructure Partners #VINCI Airports #Platform Partners Asset Management

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