Arcus and GIP to bid for Edinburgh Airport
13.11.11
Arcus European Infrastructure Fund and Global Infrastructure Partners (GIP) are planning to bid for Edinburgh Airport, the Scotland on Sunday reports. They are the latest names to be linked to the bid battle for the airport, which has already attracted interest from private equity firm Carlyle Group and a pair of Scottish business leaders who are pulling together separate consortia.
Earlier this year Arcus acquired Forth Ports in a £746m deal. Its European Infrastructure Fund 1, its first fund, is unlisted and has more than €2 billion of commitments backed by 40 institutional investors. Aviation analysts are also 'convinced' that GIP, which bought Gatwick from BAA, will also make an offer despite earlier suggesting that it would not be interested, the newspaper adds.
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