Abertis announced that they have sold their stake in London's Luton airport in a deal worth EUR502 million or US$667 million. The deal was part of the last step to divest the airports assets. Abertis Infraestructuras, SA is the Spanish infrastructure conglomerate company that operates more than 6,713 kilometers of motorways in Europe and controls more than a dozen airports in premier cities including London, Stockholm and Orlando. Abertis also manages toll roads and as well as parking garages. They are also the owner of various radio transmission and television and networks. Abertis is one of the concessionaires for the London Luton Airport.

Abertis said that they have sold 90% of its stake in Luton to a consortium formed by the private equity arm of French insurance group AXA and the Spanish airports operator, Aena. AXA Private Equity will own 49% and Aena will own 51% of the consortium.

The sale follows the string of airport sales, including Stockholm's Skavsta and Belfast International. The Abertis airport business is now limited to its stake in the Montego Bay concession in Jamaica and in Grupo Aeroportuario del Pacifico in Mexico. Abertis said that both stakes are also for sale.