Legal Business

Top firms help Heathrow’s £1bn airport sale take off

Last month, Allen & Overy (A&O), Hogan Lovells and Freshfields Bruckhaus Deringer led on Heathrow Airport Holdings’ final airport disposal as Aberdeen, Glasgow and Southampton airports were sold to a consortium formed by Ferrovial and Macquarie for £1.05bn.

Heathrow Airport Holdings (formerly BAA) agreed to sell its 100% stake in all three airports, though the deal is still subject to EU approval. Closing is expected before the end of January 2015, with the consideration expected to increase to compensate Heathrow for the delay.