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UK: Standsted Airport finds winning bidder for $2.4B

 |  January 22, 2013

London’s Stansted Airport has apparently found a winning bidder. Manchester Airports Group will buy the airport for nearly $2.4 billion, according to reports. Stansted was put on the market after the UK’s Competition Commission told its owner Heathrow Airport Holdings that it held too much of a dominant position in the market, forcing Heathrow to cut its ownership down to four airports. The sale of Stansted is expected to be complete by the end of next month.

 

Full Content: eTravel Blackboard

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