[The HK Standard] Cheung Kong Infrastructure Group (CKI) has been shortlisted to buy a 50 percent stake in Manchester Airports Group, the Sunday Times reported.
MAN Airport group plans to choose a preferred bidder within the next month
Controlled by billionaire Li Ka-shing, the utilities and roads arm of Cheung Kong Holdings is competing against Australia’s Industry Funds Management and a joint venture between 3i Infrastructure and the Abu Dhabi Investment Authority for the asset.
The winner – expected to be revealed next month – is likely to pay around £1 billion, for the airports group.
The funds will help finance the group’s attempted acquisition of London’s Stansted facility – the fourth busiest airport in the United Kingdom. The group currently owns three other airports, at East Midlands, Bournemouth and Humberside.
Last year, they generated a pre- tax profit 80 million on revenue of 350 million. Passenger throughput at the three facilities was 23 million last year…..
Read the full story at the HK Standard….
Karen Ha
Monday, April 30, 2012
Related articles
- Li Ka Shing (theamotimes.com)
The Airport Informer 