1102 [Dow Jones] Macquarie Airports (MAP.AU) up 10 cents or 2.3% at record A$4.10 after agreeing to sell Macquarie group's 24.125% stake in Birmingham Airport for GBP210 million, with MAP's 15.5% stake valued around A$324 million at current exchange rates, 57% above MAP's carrying value of A$206 million. April traffic stats also out, showing Sydney Airport passengers up 5.9% on year, and while European airports impacted by strikes, the earlier timing of Easter this year makes comparisons difficult. (WEL)
MAP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
