Ferrovial confirms 3 Gatwick bids
30.04.09
The head of Ferrovial's airports division confirmed today that it has received three offers for Gatwick Airport. The deadline for submitting second-round bids passed on Monday and Inigo Meiras told the company's annual shareholders meeting: ‘There are three offers for Gatwick.'
Three bidding groups already involved in the sale process had been expected to lodge bids: Global Infrastructure Partners (GIP), the GE / Credit Suisse backed fund that owns London City Airport; Lysander Gatwick Investment Group, comprising Citi Infrastructure Partners, Vancouver Airport Services and John Hancock Life Insurance Company; and Manchester Airports Group (MAG), Borealis and Greater Manchester Pension Fund.
A GIP spokesman said the group had bid. A Lysander spokesman said it had submitted a ‘non-binding’ offer on Tuesday - a day after the official deadline. Press reports suggest that the third bidder was the MAG consortium, which means that private equity company Terra Firma, widely reported last week to have entered the race, did not in fact bid.
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