CPPIB looks to buy stake worth $3.92 bln in Gatwick Airport: Reuters
Canada Pension Plan Investment Board (CPPIB) is looking to buy part of a stake in Gatwick Airport that could be worth more than 3 billion pounds (US$3.92 billion), Reuters reported, citing a Sky News story. CPPIB is said to be part of a group of investors proposing to buy out Global Infrastructure Partners’ (GIP) 42 percent stake in the second-busiest airport in Britain. The Canadian pension fund would invest “hundreds of millions of pounds” in the airport, if the deal gets finalized, insiders told Sky News.
22 October 2018•1 min read
