Lysander reported to be leading Gatwick race
26.04.09
With tomorrow the deadline for final bid for the companies wanting to buy Gatwick Airport, Spanish newspaper El Pais has reported that the front-runner is the Lysander Gatwick Investment Group, made up of Citi Infrastructure Partners, Vancouver Airport and John Hancock Life Insurance.
BAA was ordered to sell Gatwick after an inquiry found that customers were suffering from the lack of competition between airports. It is expected to receive three or four offers, although they are rumoured to to be below last year's £2bn estimates. They are understood to be from Global Infrastructure Partners, a joint venture between General Electric and Credit Suisse; a consortium made up of Manchester Airports Group, Borealis and the Greater Manchester Pension Fund; Terra Firma and Lysander.
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