[BBC News] A deal has been struck to sell Edinburgh Airport to the owner of Gatwick and London City airports for £807m.

BAA was ordered to sell either Glasgow or Edinburgh by on competition grounds

BAA was ordered to sell either Glasgow or Edinburgh by on competition grounds

Global Infrastructure Partnership (GIP) has beaten off competition from a consortium led by another infrastructure investor, JP Morgan Asset Management.

The operator BAA was ordered to sell either Edinburgh or Glasgow airports.

The sale price is payable in full at closing of the deal, expected in May.

Edinburgh Airport was put on the market by its owner BAA last October, after the Competition Commission ruled that it had to sell either Edinburgh or Glasgow.

The winning price, expected to be paid at the end of May, is considerably more than had been expected.

It is thought that GIP intends to improve the speed at which passengers move through the airport at check-in, security and baggage handling, and to link the Scottish capital with new routes.

Its investment pattern is to sell the asset on after about seven years…..

Read the full story at BBC News….


23 April 2012
BBC News


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