NWS to acquire 20% stake in Beijing airport
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.