Race for Gatwick enters final phase
10.05.09
The race to buy Gatwick Airport steps up a gear this week when the Competition Commission gives its final opinion on whether the three bidders would make suitable owners. The Times reports that the sale is in its final 10 days – at least as far as picking a preferred buyer is concerned.
The newspaper's 'banking sources' said that as yet only one bid – from a group led by Citigroup’s infrastructure fund – is fully funded. The other bidders are Global Infrastructure Partners and a group led by Manchester airport. The newspaper claims that the Citi team is the lowest bidder, at £1.18 billion. with 'other sources' saying all bids are around £1.3 billion, well short of the £2 billion BAA had hoped to get for the airport.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book hotels gatwick airport or car park gatwick airport at the lowest price, click on these links to two great gatwick parking and gatwick hotels price comparison pages.
