|
|
Gatwick sale: BAA is selling two yeas after it bought at the height of the market |
The upcoming sale of Gatwick Airport in the UK will be an interesting test of the true appetite for infrastructure assets in today’s market. Spanish infrastructure group Ferrovial was pushed into selling the airport following August’s Competition Commission ruling that it must divest three of its seven UK airports. In October it mandated HSBC and RBS to act as advisers to the sale along with law firm Freshfields.
The chance to get its hands on Gatwick is a rare one for any bidder, and interest in the sale is likely to be ferocious. Indeed, Fraport (which owns Frankfurt airport), Dubai Aerospace, Deutsche Bank’s RREEF infrastructure fund, Virgin Atlantic and EasyJet have all been linked to potential bids for the airport. But more than ever before, the outcome will be determined by...
You must be a subscriber to access this archived content.
If your subscription includes access to the archive, please log in now to view.
To gain access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30% on your subscription.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe