Gatwick shareholder considers selling £10 billion stake

Gatwick shareholder considers selling £10 billion stake

A significant shareholder in Gatwick is considering selling its 42% stake, according to reports.

Global Infrastructure Partners (GIP) owns 42% of the UK’s second-biggest airport which is said to be worth up to £10 billion.

The Sunday Times reported a sale could be imminent, GIP having debated for some time whether to sell up.

A second option would be for a fund in which the take is held to be extended to allow GIP to benefit from improved performance of the airport.

The report said there was a third option being considered; a sale of the stake to existing shareholders including South Korea’s National Pension Service, the Abu Dhabi Investment Authority, and US pension fund Calpers.

GIP bought its stake in Gatwick in 2009 for £1.5 billion after the UK’s BAA airport monopoly was broken up.

Comments

This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in air