News: MAp Group foreign ownership level drops

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MAp Group (ASX:MAP) says that its foreign ownership level has dropped from 39.1 per cent to 38.2 per cent.

The airport investor says its foreign ownership level remained near 39.5 per cent, at which point disposal notices need to be issued.

Under the Airports Act MAp must keep foreign ownership below 40 per cent.

MAp advises that foreign investors should consider the risk of forced divestment when purchasing MAp stapled securities.

MAp Group recorded a $5.83 million loss in the first six months of 2010.