Gatwick ownership concern

BAA, and its Spanish owner Ferrovial, will have an Appeal Court hearing on 19 October firmly in its sight as potential buyers of Gatwick seemingly fall by the wayside.  Earlier this year Ferrovial pre-empted a Competition Commission report that it should sell three of its airports by putting the South London operation on the market.  However according to intelligence Manchester Airports Group (MAG), the last bidder in active discussions, has pulled out citing price disagreements.  Global Infrastructure Partners (GIP), the London City Airport owner was also a bidder and remains on the sidelines.  A potential German group withdrew some months ago and is thought to be monitoring the position. www.baa.com

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