Super fund wants to buy UK airport - report

HAMISH RUTHERFORD
Last updated 09:40 24/09/2012

Relevant offers

Industries

Contactless payments on the rise Move over Australia, Kiwi companies are coming through Hallenstein Glasson profit warning shows local retailers' struggling: analyst Obama pushes for new tax on oil to fund switch to green-tech Use of Maori culture in 2 Cheap Cars' Waitangi Day ad questioned Duck eggs hatch into growing business for Taranaki couple Domestic manufacturing sales increase but downturn in dairy prices could begin to bite Vodafone latest business to partner with Neighbourly ANZ forecasts more pain for dairy farmers Bay of Islands businesses prepare for busy weekend

The New Zealand super fund is reportedly in talks to buy London's Stansted Airport, in a consortium involving Wellington-based investment bank Morrison & Co.

The UK's Telegraph reported today that the consortium was up against Manchester Airports Group for the airport, which its Spanish owner Ferrovial has been forced to sell by competition authorities.

The paper reported that the likely price is around $1.96 billion.

The report comes as Infratil, Morrison & Co's main infrastructure investor, attempts to sell Glasgow Prestwick and Manston in Kent.

Morrison & Co and the super fund were not immediately available for comment.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content