KKR, Skip Essential Infrastructure to buy majority stake in Queensland Airports

KKR and the Skip Essential Infrastructure Fund, announced the signing of definitive agreements under which a consortium of KKR and the Skip Essential Infrastructure Fund – the ‘Consortium’ – will acquire a 74.25% stake in Queensland Airports Limited from The Infrastructure Fund, managed by Macquarie Asset Management, State Super, and Australian Retirement Trust. The transaction is expected to close in late 2024, subject to customary conditions including regulatory approvals. Financial details were not disclosed.