Ferrovial Whittles Down Shortlist of Bidders for Edinburgh Airport to Four

Analysts expect the airport, which handled 9.4 million passengers last year - up 9 percent on 2010 - to fetch between GBP500 million and GBP700m
Source The Scotsman
Feb. 22, 2012
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Ferrovial, the Spanish owner of UK airports operator BAA, is understood to have whittled down the shortlist of bidders for Edinburgh airport to four and will accept final offers in early April.

Analysts expect the airport, which handled 9.4 million passengers last year - up 9 per cent on 2010 - to fetch between GBP500 million and GBP700m.

It is thought that Global Infrastructure Partners (GIP), JP Morgan Asset Management and consortiums led by Carlyle Group and 3i have made it to the second round after a longer list was cut down in recent days.

BAA put the airport up for sale last year, bowing to an order by the Competition Commission to sell either Edinburgh or Glasgow airports as well as London's Stansted. It sold Gatwick, near London, to GIP for GBP1.5 billion in 2009.

BAA is due to announce full-year results today.

Copyright 2012 The Scotsman Publications Ltd.All Rights Reserved

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