US EditionBrussels Airport deal: Flanders gains strategic asset
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Flemish Prime Minister Matthias Diependaele (N-VA) defended the acquisition of the 39 percent stake of the Canadian OTPP by the Flemish government in the Flemish Parliament on Wednesday. The members of parliament remained (partly) hungry.
With an investment of 2.7 billion euros, Flanders suddenly becomes the largest shareholder of Brussels Airport. While French-speaking politicians and Open Vld are shouting about community provocation, the real question lies elsewhere: is this a strategically strong move or an expensive gamble? The figures speak for themselves: through the purchase of 38 percent of the shares of a Canadian investment fund, Flanders becomes the crucial shareholder…
Brussels Airport deal: Flanders gains strategic asset
The Flemish government has, through its investment fund PMV, become the largest stakeholder in Brussels’ international airport at Zaventem, increasing its wager in Brussels Airport Company by €2.77 billion and significantly upgrading its hand: from one percent to 39% of shares. Despite the politics behind the acquisition (which comes as the Federal government has also been contemplating some of the 30% stake up for grabs from Canadian pension fu…
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