African Infrastructure Investment Managers (AIIM) has bought a 50% stake in an airport holding company.
AIIM said African Infrastructure Investment Fund 3 (AIIF3) has acquired the stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP) for an undisclosed sum.
SEGAP holds interests in 3 concession companies operating 5 airports in Cote D’Ivoire, Gabon and the Republic of the Congo. The company remains 50% owned by the Egis Group, an airport operator.
AIIM is an infrastructure-focused private equity fund manager and a member of Old Mutual Alternative Investments.
Source: IPE Real Assets