The Ontario Teachers' Pension Plan is reportedly selling stakes in its UK airports, indicating a strong recovery in air travel post-pandemic and prompting interest from new investors.
With the recovery from pandemic disruptions, airports like Heathrow have returned to profit, igniting a desire among rival Canadian pension funds to invest in UK airport operations.
Minority shareholders have 30 days for the right of first refusal on the airport stakes. This strategy might trigger those investors to consider selling their shares.
The Labour government is advocating for greater domestic investment from UK firms to ensure that local pensioners benefit from the returns from overseas operations like airports.
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