Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Academics set to land a fifth of Nats

Monday 19 August 2013 00:05 BST
Comments

University academics are poised to own a fifth of Nats, Britain's air traffic controller, after their pension fund beat a German state agency to buy the stake, thought to be worth about £160m.

Germany's state-owned airspace controller Deutsche Flugsicherung (DFS) had been the leading contender to buy a slice of its British counterpart, but the Universities Superannuation Scheme (USS), Britain's second-biggest pension plan, is this week expected to be announced as preferred bidder for the Nats holding.

The move could trigger criticism as insiders claim DFS submitted a higher bid for Nats, and had given undertakings not to seek control the airports business. They said the foreign bid was opposed by some airlines and had come up against political reservations.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in