United Kingdom

Details

  • Industry: Transport
  • Type: Press release
  • Date: 27/03/2013

Welsh Government buys Cardiff airport 

Return to public ownership of other regional infrastructure assets more likely, says KPMG

 

Chris Peaker, Director at KPMG, comments on the Welsh Government’s acquisition of Cardiff Airport which completed today:

 

“This investment by the Welsh Government represents a turning point for Cardiff Airport and should give it a new lease of life.  It’s an opportunity to transform it into a vibrant airport and a useful asset for the people of Wales.

 

“The transaction also signals the beginning of a recovery in investor appetite for the UK's smaller regional airports, a number of which are recovering from significant falls in passenger numbers. On this basis, there are some attractively valued airport assets in the UK, especially those with property development opportunities.

 

“The successful deal also potentially establishes an important precedent for those arguing for greater public ownership of infrastructure assets. It will be interesting to see whether this will result in calls for greater Scottish Government involvement or even ownership of Prestwick Airport.”

  

Ends

 

Note to editors: KPMG acted as financial adviser to the Welsh Government during the transaction.

  

Media Contact:


Katrin Boettger, Senior PR Manager 

Tel: +44 207 896 4232 / 0782 4475168

Email: katrin.boettger@kpmg.co.uk 

 

About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

 

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Katrin Boettger

Katrin Boettger

Senior PR Manager - Sectors

KPMG in the UK

020 7896 4232 / 07824 475168

Email Katrin