Macquarie Considering Indian Airport Investment

Australia's Macquarie Bank is interested in investing in Indian airports but the risks needed to be carefully considered, an official said on Tuesday.
Regulatory frameworks, flexibility to raise capital and exit options were all important considerations in an infrastructure sector where intense competition has pushed prices up around the world, Ambalika Banerji, an associate director at Macquarie Bank, told an aviation conference in Mumbai.
"There's a significant pool of equity chasing a limited supply of airport assets globally, and investors are paying a huge premium for control," she said.
"Demand for airport assets is at an all-time high, and airport trading and transaction multiples are going up very quickly."
Macquarie, which Banerji said was the world's second-biggest owner of airports after BAA, which is owned by Spain's Ferrovial, would be keen on investing in India but would weigh the risks carefully.
12/06/07 Airwise

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Categories: Airports Jun 2007, Foreign Jun 2007, New Jun 2007