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[textarea]Gatwick owner to bid for Spanish airports
The owner of Gatwick and London City airports has joined forces with the owner of Paris' Charles de Gaulle airport and the German insurer Allianz SE to bid for airports in Madrid and Barcelona, the Times reports. Global Infrastructure Partners (GIP) is leading the syndicate to bid for the Spanish hubs.
The next round of bids are due by the end of October, with the Spanish government offering a 20 year contract (with an option for another 5 years) to run the airports as part of plans to slash its budget deficit. A sale could raise more than €5 billion, the newspaper suggests.
Other bidders for Madrid's Barajas airport include a group led by Ferrovial SA, owner of Heathrow operator BAA; infrastructure firm Acciona SA; and a group comprising Singapore's Changi airport and Siemens AG.
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The owner of Gatwick and London City airports has joined forces with the owner of Paris' Charles de Gaulle airport and the German insurer Allianz SE to bid for airports in Madrid and Barcelona, the Times reports. Global Infrastructure Partners (GIP) is leading the syndicate to bid for the Spanish hubs.
The next round of bids are due by the end of October, with the Spanish government offering a 20 year contract (with an option for another 5 years) to run the airports as part of plans to slash its budget deficit. A sale could raise more than €5 billion, the newspaper suggests.
Other bidders for Madrid's Barajas airport include a group led by Ferrovial SA, owner of Heathrow operator BAA; infrastructure firm Acciona SA; and a group comprising Singapore's Changi airport and Siemens AG.
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