Kiwi airport investor emerges as possible buyer for Stansted
Infratil, a New Zealand-based airport owner that is trying to sell Glasgow Prestwick and Manston airport in Kent, has been confirmed as a potential bidder for London's Stansted.
In its first public comments on its interest in Stansted, Morrison & Co, an infrastructure fund which manages Infratil, said it was looking at a possible acquisition. Morrison is expected to launch any bid as part of a consortium, which would also include the New Zealand Superannuation Fund.
BAA, which also owns Heathrow, is reluctantly selling Stanstead after losing an appeal against a forced break-up of the group ordered by the Competition Commission.
Steven Fitzgerald, an executive director of the Wellington-based Morrison, told Bloomberg: "We've been following the BAA forced disposal process, with Stanstead being the last of them."
Stanstead was finally put up for sale last month after a three-year battle against the ruling by BAA, which is controlled by Ferrovial, the Spanish infrastructure investor.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...