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.

For more information about PSP Investments, please visit the firm’s website.

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