Gatwick airport sale deal unveiled

UK airports operator BAA today unveiled a deal to sell Gatwick to the owner of London City Airport for just over £1.5bn (€1.65bn).

Wed, 21 Oct, 2009 - 08:31

UK airports operator BAA today unveiled a deal to sell Gatwick to the owner of London City Airport for just over £1.5bn (€1.65bn).

The agreement with US-based investment fund Global Infrastructure Partners (GIP) comes a year after BAA’s Spanish owner Ferrovial put Gatwick up for sale, amid competition concerns about the operator’s market dominance.

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CourtsBusinessHeathrowPlace: UKPlace: London City AirportPlace: GatwickPlace: StanstedPlace: EdinburghPlace: GlasgowOrganisation: BAAOrganisation: GatwickOrganisation: Global Infrastructure PartnersOrganisation: GIPOrganisation: FerrovialOrganisation: Competition Commission
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