GIP sells another 15% of Gatwick

05.02.10

The Abu Dhabi Investment Authority (ADIA) is to buy a 15% stake in Gatwick Airport for £125m, the Times reports, as the airport’s new owner, Global Infrastructure Partners (GIP) seeks to bring in additional investors to securitise its investment. The purchase by ADIA, the world’s largest sovereign wealth fund, comes days after the South Korean National Pension Service announced that it had bought a 12% stake in Gatwick for £100m.

GIP, the infrastructure fund controlled by Credit Suisse and GE, acquired Gatwick for £1.51bn last year and said at the time that it would seek additional investors, but will retain management control of the airport, as it did with previous acquisition London City Airport. It is talking to several other potential investors, the Times reports.

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