AGS Airports, joint venture of Ferrovial and Macquarie, to be sold to AviAlliance for £900m along with £653m in debt

The owner of Aberdeen, Glasgow and Southampton airports is being sold in a deal worth more than £1.5bn.

The Spanish construction company Ferrovial and its partner Macquarie have agreed to offload the AGS Airports joint venture to AviAlliance, a German-headquartered airport operator.