Source: UK News
BAA agrees Gatwick airport sale
The sale is due to be completed in December
BAA has agreed to sell Gatwick, the UK's second busiest airport, to Global Infrastructure Partners (GIP) for a fee of £1.51billon.
BAA said the proceeds of the sale would be used mainly to repay part of its debt, which stood at £9.6 billon in June.
Investment fund GIP already owns a 75% stake in London City Airport.
BAA agrees Gatwick airport sale
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BAA agrees Gatwick airport sale
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