The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Pension funds eye UK airports

Pension funds could be interested in acquiring Gatwick, Stansted and Edinburgh airports, IPE Real Estate reports. The Competition Commission said the British Airport Authority must sell the airports to enhance competition and improve its services across U.K. airports. The Commission is planning to sell Glasgow airport as an alternative to Edinburgh’s airport and has suggested that the government make changes to boost airport regulation and give the regulator more authority to intervene on issues such as performance and financing.


The BAA is understood to have sent confidential documents to potential bidders for Gatwick Airport and aims to sell it by early 2009. Californian pension funds, the Manchester Airports Group and the Vancouver Airports Authority are reported to be bidding for Gatwick airport. In early December, the Ontario Teachers Pension Fund and 3i were at work on a joint bid worth up to GBP1.5 billion.

For the complete story, click here.

http://www.ipe.com/realestate/Pension_funds_could_snap_up_UK_airports_30134.php

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree