Competition Commission vets Gatwick bidders
17.03.09
The Competition Commission has begun the process of vetting bidders for Gatwick Airport 'to ensure that they are suitable candidates to run the UK's second-busiest airport', the Times reports.
There are thought to be three consortiums still in the auction for the airport. These are: Global Infrastructure Partners, which owns London City Airport; Lysander Investment Group, which includes Citigroup and Vancouver Airports; and Manchester Airport Group in partnership with Borealis, a Canadian pension fund.
The Competition Commission has set out criteria that potential new owners of Gatwick must meet and is assessing the worthiness of each contender, the newspaper reports. Any consortium deemed to have insufficient funds or experience running an airport will be blocked from submitting a final bid, due by the end of April.
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