A PYMNTS Company

UK: Bidders for Stansted change lineup just days before deadline

 |  January 9, 2013

According to a source, five days before a deadline for bids to be submitted to buy Stansted Airport, a New Zealand consortium has dropped out of the race while a joint bid from two Malaysian companies have joined. UK’s operator Heathrow Airport Holdings Ltd is selling Stansted to remedy competition concerns from the Commission, who has ruled that Heathrow holds a dominant position in the airports market. According to a source, Malaysia Airports Holdings Bhd and YTL Corp. Bhd have entered the bidding, while investment company H.R.L. Morrison & Co. Ltd. has dropped out. Three bids, including the Malaysian bid, are expected to be submitted for a deal valued around $1.61 billion.


Full Content: Wall Street Journal

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