A PYMNTS Company

BAA to sell Edinburgh airport for $1.3 billion

By  |  April 23, 2012

BAA will sell Edinburgh airport to Global Infrastructure Partners (GIP) for 807.2 million pounds (approximately $1.3 billion). The sale comes after the U.K. Competition Commission ordered BAA to sell either the Edinburgh or Glasgow terminals because of its dominance in the London and central Scotland airport markets. BAA owns Heathrow and Stansted airports. The Commission gave its approval for the U.S.-based GIP to buy Edinburgh airport; GIP already owns Gatwick and City airports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Businessweek

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source


    Related content: Proposal for a Market-Based Solution to Airport Delays (Dennis Carlton, University of Chicago Booth School of Business & Ken Heyer, U.S. DOJ)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.