TCI invited on board Spain airports sell-off

The FT reports that Chris Hohn's Children's Investment Fund has been invited to become a key shareholder in Spain's state-owned airports operator, Aena Aeropuertos, as it prepares for privatisation next month:

Mr Hohn, whose fund is one of the world’s largest, is best known for taking big stakes in companies and challenging management on strategy and performance. However, Aena, which manages all of Spain’s 46 airports, has been turned round under current management, and last year delivered its first net profit of €597m.

TCI will be joined as reference shareholder by Spanish companies, Ferrovial and Grupo Alba.