Super fund wants to buy UK airport - report

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

Relevant offers

Industries

Glen Sowry: Making his own luck Changing people seek healthy living partner Being the only woman on site takes its toll Electricity prices get a jolt as Transpower puts lake levels on watch Budget 2017: Nine years of spending under National Potential removal of Viaduct loading zones rattles local businesses Wage growth certainly wouldn't be described as hot, Prime Minister Bill English says Supreme Court rules investor in Ross Asset Management has to repay $454K $1.6 billion Waterview Connection's mystery opening date a 'few weeks away' Chart of the day: To build or renovate in Marlborough?

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