BAA announces sale of London Gatwick airport

LONDON, Oct 21, 2009 (AFP) - Airport operator BAA on Wednesday announced the sale of Gatwick, Britain's second busiest hub, to US investment fund Global Infrastructure Partners for 1.51 billion pounds (1.6 billion euros, 2.5 billion dollars).

"BAA today announces that it has agreed to sell its 100 percent interest in Gatwick Airport Limited to an entity controlled by Global Infrastructure Partners for 1.51 billion pounds," the operator said in a statement.

File photo shows a British Airways passenger plane comes in to land at Gatwick Airport (AFP photo)

British regulators last year ordered BAA to sell three of its seven airports in Britain -- two in London and one in Scotland -- to end a dominance they said hurts passengers and airlines.

A consortium led by Spanish construction group Ferrovial bought BAA in 2006 for 10.23 billion pounds.

Source: AFP

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