Investment bank linked to €15m bid for BAA

Investment bank Goldman Sachs is understood to have offered more than £10bn (€14.6bn) for BAA as the battle for the British airports operator enters its final stage.

The US group is leading a consortium reported to have approached BAA’s board with an offer of around 950p a share, which values the group at £10.2bn (€14.9bn), according to The Mail On Sunday.