AIA – Sale of investment in North Queensland Airports

Market Release | 16 January 2017
Sale of Auckland Airport’s investment in
North Queensland Airports
Auckland International Airport Limited (“Auckland Airport”) has announced today that it
has advised North Queensland Airports (“NQA”) that it will offer its 24.6% investment in
NQA for sale to existing investors for A$370 million. While all existing NQA investors
are entitled to purchase their pro rata share of Auckland Airport’s interest, two of them,
Perron Investments and The Infrastructure Fund, have already agreed that they will
accept up to the entire offer comprising all of Auckland Airport’s interest.
Auckland Airport Chief Executive, Adrian Littlewood says “Following the completion of
our strategic review in August 2017, we have undertaken discussions with both existing
investors and third parties regarding a potential purchase of our interest in NQA. After
an extensive process, we are very pleased to have reached a position that will result in
a sale of our entire interest and that two existing and experienced infrastructure
investors have agreed to support NQA in the next stage of its development.”
“The sale will enable Auckland Airport to focus attention on growing its New Zealand
travel, trade and tourism businesses and to recycle the proceeds into supporting the
significant step up in aeronautical investment at Auckland Airport over the next five
years that we recently announced along with our aeronautical charges for FY18 to
FY22.”
The sale will be subject only to securing necessary regulatory and counterparty
approvals (if any) and completed in accordance with the requirements of the NQA
security holders agreement.

Auckland Airport is being advised by First NZ Capital, Credit Suisse and MinterEllison.
Further announcements will be made as appropriate.
Ends
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or further information please contact:
Investor enquiries Media enquiries
Suzannah Steele Simon Lambourne
+64 9 257 7043+64 27 477 6120
suzannah.steele@aucklandairport.co.nz
simon.lambourne@aucklandairport.co.nz