Abu Dhabi lands 15% stake in Gatwick for £125m

According to the Times, “The world’s largest sovereign wealth fund is to buy a £125 million stake in Gatwick as the airport’s new owner seeks to bring in additional investors. The Abu Dhabi Investment Authority (ADIA), which is thought to have more than $600 billion in assets, will buy a 15 per cent stake in the UK’s second-largest airport. ADIA’s purchase comes days after the South Korean National Pension Service bought a 12 per cent stake in Gatwick for £100 million. Global Infrastructure Partners (GIP), an infrastructure fund set up by Credit Suisse and GE, acquired Gatwick last year for £1.5 billion and has said that it is seeking additional investors but will retain management control of the airport. The fund, which also owns London City airport, is understood to be talking to several other potential investors but none of these are thought to be close to agreeing a deal. “

read more: Times UK

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