GIP eyes sale of stake in Gatwick airport
of its shareholding in the airport to an unidentified investor.
stake to a global institutional investment group.
Korea’s national pension fund for just under £100m.
be a sovereign wealth fund from Asia or the Middle East.
partners to invest $5bn-$6bn, which will be similar in size to the fund it raised
originally in 2006.
to sell Gatwick, Stansted and either Glasgow or Edinburgh airports by 2011.
GIP has already syndicated some of its shareholding in Gatwick, as seen in the
South Korean deal.
for around £125m, while US public pension fund Calpers bought 12% in June.
retain management control of the airport with a 51% shareholding.
up to roughly $155 million to Global Infrastructure Partners for a 12.7\% equity
stake in London’s Gatwick Airport.
the $200 billion California Public Employees’ Retirement System.
administrative expenses, Calpers said in a statement.
assets. We see it as a good fit for our burgeoning infrastructure program,” said
George Diehr, chairman of Calpers’ investment committee.
and General Electric (GE.N), sold stakes in Gatwick to the Abu Dhabi Investment
Authority, the world’s largest sovereign wealth fund, and to South Korea’s National
Pension Service.