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London City owners to bid for Gatwick

15.01.09

The owner of London City airport is to join the list of bidders for Gatwick Airport, the Times reported today, without citing sources. Global Infrastructure Partners, a multibillion dollar fund part owned by Credit Suisse and General Electric, is understood to have formed a consortium that will bid £2 billion for Gatwick, the newspaper reports.

BAA is selling Gatwick ahead of a ruling by the Competition Commission expected before March. Bids need to be in before January 19, with BAA expecting the sale would be complete by July 1.

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