Aberdeen Asset Management (Aberdeen) recently added to its stake in HK-listed Beijing Capital International Airport (BCIA). According to a filing submitted to the Hong Kong Stock Exchange on July 7th, 2017, the firm bought 2,390,000 shares on the exchange on July 6th at an average price of HKD 11.65 per share (the total consideration was ~US$3.57m). Following the purchase, Aberdeen’s stake in BCIA increased from 5.99% to 6.11% of the company’s shares outstanding.

BCIA owns and operates Beijing Capital Airport, which is the busiest airport in Asia in terms of passenger throughput, and the second busiest in the world. Its revenue streams are segmented into aeronautical revenues (passenger charges, airport movement fees and airport fees) and non-aeronautical revenues (rental, concessions and advertising). The company is majority owned by the Chinese government.

Aberdeen is an international investment management group, managing assets for both institutions and private investors from offices around the world. The group’s Asian operations were founded in 1992 by Hugh Young. In March 2017, Aberdeen announced it would merge with Standard Life, an Edinburgh-based investment company.