Macquarie Airports, a fund managed by Australia’s biggest investment bank Macquarie Group, has offered to sell its 15 per cent holding in Japan Airport Terminal (JAT), Reuters reported. JAT manages Tokyo International Airport and also operates merchandise, food and beverage businesses at other airports in Japan at Narita and Kansai. Macquarie said it was offering to sell the stake back to JAT, as part of JAT’s tender offer to buy back a total 22 per cent of its own shares at US$10.38 each. If Macquarie’s entire 15 percent interest should be acquired at the tender offer price, Macquarie would expect to realise a maximum of about US$202 million.