BAA, the UK airport operator owned by Spanish group Ferrovial, has received at least six non-binding bids for London's Gatwick Airport, the Financial Times reported on Tuesday.
BAA, the UK airport operator owned by Spanish group Ferrovial, has received at least six non-binding bids for London's Gatwick Airport, the Financial Times reported on Tuesday.
The paper said that the six groups confirmed making indicative offers for the asset, including a consortium of Canadian pension funds along with 3i Infrastructure; Global Infrastructure Partners, a fund founded by Credit Suisse and General Electric; the Gatwick Future Partnership led by Babcock & Brown European Infrastructure Fund and the Deutsche Bank's infrastructure fund RREEF, and Hochtief AirPort, part of Germany's largest construction group.
BAA is hoping to raise up to £2 bn from the sale of the asset but bids are more likely to be in the range of £1.7 bn-£1.8 bn.
