Abu Dhabi SWF Takes 15% Interest in Gatwick for £125 Million
Posted on 02/04/2010
The Abu Dhabi Investment Authority (ADIA) acquired a 15% stake for £125 million in Gatwick. The airport’s new owner is seeking to bring additional institutional investors. ADIA controls over US$ 600 billion in assets is buying a stake in the second largest airport in the United Kingdom.
This transaction is after Korea’s National Pension Service buying a 12% stake in Gatwick for £100 million. Global Infrastructure Partners (GIP), an infrastructure manager set up by Credit Suisse and General Electric (GE), purchased Gatwick for £1.5 billion in 2009. Global Infrastructure Partners also owns London City airport.
- Abu Dhabi Investment Authority
- Credit Suisse
- General Electric
- Global Infrastructure Partners
- National Pension Service Korea
- real assets