(Reuters) – Macquarie said on Thursday its infrastructure fund and other pension funds will sell a co-owned 74.25% combined stake in Queensland Airports Ltd to a consortium comprising global investment firm KKR and Skip Essential Infrastructure Fund.
The Infrastructure Fund, managed by Macquarie Asset Management, and pension funds State Super and Australian Retirement Trust, will sell their combined stake in Queensland Airports which comprises Gold Coast, Townsville, Mount Isa and Longreach airports.
Macquarie did not disclose any financial details of the sale. It declined to comment when asked about the details of the deal.
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala)