Reuters: GIP-JP Morgan ready final Edinburgh Airport bids – ‘sources’

Posted: April 2, 2012 in Aviation & Airports (General News), Edinburgh Airport
Tags: , , , , , , ,

(Reuters) – Global Infrastructure Partners (GIP), the owner of London’s Gatwick and City airports, and a JP Morgan-led consortium are to fight each other for control of Edinburgh Airport and are set to submit final bids next week, sources close to the process said.

GIP & JP Morgan prepare for final Edninburgh bid round

GIP & JP Morgan prepare for final Edninburgh bid round

GIP is an investment fund founded by Credit Suisse and General Electric. JP Morgan recently added the Korean airport authority Incheon International Airport Corp and U.S. teachers pension fund TIAA-Cref to its consortium.

Consortia led by Carlyle Group and 3i were knocked out of the bidding last month, the sources said.

“GIP, with its experience running UK airports, maybe has the edge … JP Morgan has also seemingly added Incheon to its bid recently and TIAA-Cref not that long ago, so GIP looks a lot more settled in terms of what it wants to do,” one source close to the sale process told Reuters.

“GIP is seen as steady, maybe because it is bidding alone, and as a safe pair of hands.”

Full artile for Reuters here…


By Rhys Jones and Sophie Sassard
LONDON, April 2 | Mon Apr 2, 2012


 

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