NWS to ac­quire 20% stake in Bei­jing air­port

China Daily (Hong Kong) - - BUSINESS DIGEST -

NWS Hold­ing Ltd, the Hong Kong-based in­fra­struc­ture and ser­vice con­glom­er­ate, will buy 20.38 per­cent of is­sued H shares in Bei­jing Cap­i­tal In­ter­na­tional Air­port. The ac­qui­si­tion cost is about HK$2.35 bil­lion ($303.92 mil­lion), and NWS will pay in cash, the com­pany an­nounced on Tues­day. It is the first time the com­pany has in­vested in an air­port. Op­por­tu­ni­ties aris­ing from the air­port’s pas­sen­ger num­bers are a key rea­son for the ac­qui­si­tion. “It is ex­pected that there will be po­ten­tial growth in the non-aero­nau­ti­cal rev­enues of Bei­jing Cap­i­tal In­ter­na­tional Air­port gen­er­ated from re­tail con­ces­sions, ad­ver­tis­ing and rentals,” NWS Hold­ing said.

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