Gatwick disposal gives legal advisers wings
keeping their advisers busy, what with Ryanair looking to buy Aer Lingus then
changing its mind, and British Airways’ talks with Qantas reaching a similar conclusion.
on the sale of Gatwick, which the British Airports Authority (BAA) hopes to sell
BAA, which is owned by Ferrovial. But with no clear frontrunner as yet, the prospect
of a sale is providing a feeding frenzy for the lawyers involved.
& Brown fund – is being advised by CMS Cameron McKenna, led by corporate partner Charles Currier.
Airport, is believed to have turned to previous adviser Slaughter and May, led by partner Mark Horton. Clifford Chance is also understood to have a role for that client.
3i, the Ontario Teachers’ Pension Plan and the Canada Pension Plan. Ashurst corporate partners Bruce Hanton and Eavan Saunders Cole are acting, while the
US branch of Sullivan & Cromwell is also involved.
corporate partner Marcus MacKenzie among others. Herbert Smith partners Julian
Pollock and Stephen Wisking are understood to be advising BAA on competition and
are particularly keen that advisers stick by the non-disclosure agreement."
in order to pre-empt moves by the Competition Commission to break up its monopoly
if airports around London.
understood that one of the bidders – Hochtief AirPort, a division of the German
engineering company – has since withdrawn.
Partners; Lysander Gatwick Investment Group (Citi Infrastructure Investors, Vancouver
Airport Services and John Hancock Life Insurance Company); Manchester Airports
Group and Borealis; and 3i’s infrastructure arm, Ontario Teachers’ Pension Plan
and the Canada Pension Plan.