Hochtief Sells Airports Business to PSP Investments - Reuters
German builder Hochtief has sold its airports division to PSP Investments for 1.1 billion euros (or around US$1.4 billion), seeking to cut debt and invest in its infrastructure business, reports Reuters. PSP Investments, which is the investment arm of the C$64.5 billion Montréal-based Public Sector Pension Investment Board, was one of several bidders for the business unit, which has holdings in airports in Athens, Budapest, Duesseldorf, Hamburg, Sydney and Tirana.
8 May 2013•1 min read
