UK investment firm to acquire three regional airports in £200 million deal

British investment firm ICG Plc is set to acquire three regional airports in England for approximately £200 million ($264 million), according to a report by Sky News.

The airports involved in the deal are located in Bournemouth, Exeter, and Norwich. ICG, a London-listed alternative asset manager, is reportedly finalizing a purchase agreement with the current owner, Rigby Group, a privately held UK-based conglomerate. A formal announcement is expected later in August.

The acquisition highlights growing investor interest in regional aviation infrastructure, following a similar move earlier this year by Canada’s Public Sector Pension Investment Board (PSP Investments), which agreed to purchase AGS Airports — operator of airports in Aberdeen, Glasgow, and Southampton — from Ferrovial SE and Macquarie Asset Management.

The deal also comes amid further reshuffling in the UK airport sector, with Spanish infrastructure group Ferrovial having recently sold its remaining stake in Heathrow Airport to France's Ardian, a private equity firm.

Both ICG and Rigby Group declined to comment on the pending transaction, according to Sky News.

By Sabina Mammadli