GIP to sell more of Gatwick?

: Latest News; Tuesday, 28 September 2010

Global Infrastructure Partners, the owner of London Gatwick Airport, UK, reportedly is in talks to sell a shareholding - around 12 per cent - in the airport to an unidentified investor.

At the same time, GIP is also understood to be starting a new fund and is seeking partners to invest US$5-US$6bn, which will be similar in size to the fund it raised originally in 2006.

GIP bought the airport for GBP1.5 billion after the UK's Competition Commission ordered former owner operator BAA to sell Gatwick, Stansted and either Glasgow or Edinburgh airports by 2011.

After the current initiatives, GIP will retain management control of Gatwick with a 51pc shareholding.

GIP to sell more of Gatwick?

Latest News

Tuesday, 28 September 2010

Global Infrastructure Partners, the owner of London Gatwick Airport, UK, reportedly is in talks to sell a shareholding - around 12 per cent - in the airport to an unidentified investor.

At the same time, GIP is also understood to be starting a new fund and is seeking partners to invest US$5-US$6bn, which will be similar in size to the fund it raised originally in 2006.

GIP bought the airport for GBP1.5 billion after the UK's Competition Commission ordered former owner operator BAA to sell Gatwick, Stansted and either Glasgow or Edinburgh airports by 2011.

After the current initiatives, GIP will retain management control of Gatwick with a 51pc shareholding.