Super fund wants to buy UK airport - report

Last updated 09:40 24/09/2012

Relevant offers


AJ Hackett to open new "world's highest bungy" - in China New York enacts restrictions on Airbnb, with fines of up to $10,000 Court action on 'shonky' steel mesh creates pressure for government inquiry Female lawyers charge-out rates lag behind their male colleagues Weight Watchers campaign joins list of PR blunders Opportunist builders, dodgy steel and shonky standards create new building crisis 'worse than leaky homes' Troubled property developer Augustine Lau taken to court for toilets emptying into stream Skills shortage results in firms looking internally to fill roles, recruitment firm says Pumpkin Patch in trading halt - too much debt, not enough capital British American Tobacco offers to buy Reynolds in US$47 billion deal

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


Special offers

Featured Promotions

Sponsored Content