Dubai’s ICD says to buy stake in Corporación América Airports subsidiary - The National

Dubai’s ICD says to buy stake in Corporación América Airports subsidiary - The National:

Investment Corporation of Dubai, the emirate’s sovereign wealth fund, has agreed to buy 25 per cent of Corporación America Italia, a unit of New York-listed Corporación América Airports, the world’s largest private airport operator, for an undisclosed sum.

“The purchase of shares in CAI gives ICD access to Toscana Aeroporti, an established, well-performing airport group in a mature economy with development potential,” said ICD chief executive Mohammed Al Shaibani in a statement.

CAI is the controlling entity of Toscana Aeroporti, a publicly-traded Italian company that holds and manages the concessions for Florence and Pisa airports in Italy.