BAA picks HSBC and RBS to advise on Gatwick sale
01.10.08
BAA has picked HSBC and Royal Bank of Scotland as advisers to prepare the sale of Gatwick Airport Bloomberg reports, quoting ‘four people familiar with the matter’. It says that the banks could sign a formal agreement later this week.
BAA said last month that it will sell Gatwick after the Competition Commission indicated that the company should be broken up to help improve UK air services. Steven Fernandez, an analyst at Exane BNP Paribas in Paris, told the news service that BAA may get £3 billion for Gatwick.
He said: ‘The process is moving along and Ferrovial is certainly committed to selling as long as they can get a good price. There's a lot of interest in airports and credit for infrastructure assets is still open, albeit at a more expensive rate.'
Spokespeople for both RBS, HSBC and BAA declined to comment.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book hotel near gatwick or car park gatwick at the lowest price, click on these links to two great gatwick parking and gatwick hotels price comparison pages.
