GIC among buyers of 3 UK airports: report
London
HEATHROW Airport Holdings (HAH) is set to sell three British airports for £1 billion (S$2.04 billion) to a group including Spanish infrastructure firm Ferrovial, Singapore sovereign fund GIC and Australian bank Macquarie, according to Sky News.
Quoting unnamed insiders, Sky News said on Friday that the investors would take equity stakes in the three airports - Aberdeen and Glasgow in Scotland and Southampton in southern England - in a deal which could be announced in days.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources
China’s electric cars keep improving, a worry for rivals elsewhere
Air Canada reports bigger loss than market expectations as costs rise
Maersk raises full-year profit guidance after strong quarter