3i joins race for Edinburgh Airport
19.12.11
Private equity firm, 3i, has joined with a number of institutional investors and it planning to bid for Edinburgh Airport, according to a number of press reports today. 3i’s listed infrastructure division is reported to be working with M&G, the Prudential-owned City fund manager, and UK pension fund investor, Universities Superannuation Scheme.
BAA announced it would sell the airport in October, with the process due to begin formally in January when it issues a sales prospectus. A number of airport operators and private equity firms are expected to take part in a competitive sales process for Scotland’s largest airport.
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