Edinburgh airport bids deadline tomorrow
First-round bids for Edinburgh Airport are due tomorrow, with JP Morgan and Gatwick owner Global Infrastructure Partners among the favourites to win the auction.
Spanish owner Ferrovial can expect to get around £700m – towards the high end of expectations – as it is likely to be inundated with offers. Others considering bids this week include the private equity groups 3i and Carlyle and the overseas airport operators Fraport and Aeroports de Paris.
The auction has piqued the interest of banks, which are said to be willing to lend around £400m on a deal. This is a high proportion of the sale cost, as Edinburgh would provide banks with stable long-term returns.
Ferrovial owns operator BAA, which was considered by the Competition Commission to have a stranglehold on the South-east England and Scottish markets. BAA was forced to sell Gatwick, but is trying to keep hold of Stansted.
elephant appealPrince William signs up for our charity appeal
elephant appealSo says man jailed for cutting off dead elephant's tusks
booksWe examine the best titles for teens
scienceResearchers teach border collie to understand sentences using more than 1,000 words
booksA Christmas story in six parts
travelWill high-value tourism help the workshops of this Renaissance city?
Geoffrey Macnab does not like the comedian's big screen debut
Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
Ten best places to live in the UK: Hart in Hampshire takes top spot
The gathering storm: A look back on middle-class Europe's last carefree Christmas before the onset of World War One
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 The publisher who played with fire: the battle for control of Larsson's £30m legacy
- 5 Police seize possessions of rough sleepers in crackdown on homelessness
- < Previous
- Next >
iJobs Money & Business
£90000 per annum + benefits: Pro-Recruitment Group: Manager - Financial Servic...
£59999 - £80001 per annum + Benefits: Pro-Recruitment Group: A Top 10 firm in ...
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Project Manage...
£60000 - £90000 per annum + benefits + bonus: Harrington Starr: Business Analy...