Canada Pension Plan Investment Board is looking to buy part of GIP’s 42% stake in Gatwick
The Canada Pension Plan Investment Board is looking to buy part of a stake in Gatwick airport that could be worth more than 3 billion pounds $3.92 billion, Sky News on Friday. CPPIB is said to be part of a group of investors proposing to buy out Global Infrastructure Partner’s (GIP) 42% stake in the second-busiest airport in Britain, the Sky News report said. The Canadian pension fund would invest “hundreds of millions of pounds” in the airport, if the deal gets finalised, insiders told Sky News.
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CPPIB looks to buy stake worth 3 bln stg in Gatwick Airport
October 19, 2018
By Reuters
The Canada Pension Plan Investment Board is looking to buy part of a stake in Gatwick airport that could be worth more than 3 billion pounds $3.92 billion, Sky News on Friday.
CPPIB is said to be part of a group of investors proposing to buy out Global Infrastructure Partner’s (GIP) 42% stake in the second-busiest airport in Britain, the Sky News report said.
The Canadian pension fund would invest “hundreds of millions of pounds” in the airport, if the deal gets finalised, insiders told Sky News.
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