Financial Times FT.com

Allco eyeing more aviation deals

By Raphael Minder in Sydney

Published: February 15 2007 09:51 | Last updated: February 15 2007 09:51

Allco Finance Group, the Australian infrastructure asset manager, said Thursday that its involvement in the proposed A$11.1bn buyout of Qantas, the country’s leading airline, would not prevent it making other acquisitions in the aviation sector in the near future.

In December, Allco Finance and its listed private equity vehicle, Allco Equity Partners (AEP), emerged as the unlikely leading shareholders in the consortium hoping to complete the takeover of Qantas. Allco is set to own 8.4 per cent of Qantas if the deal is approved by regulators and shareholders, while AEP is due to have a 26.9 per cent holding. That stake would represent about 80 per cent of AEP’s portfolio.

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