Super fund wants to buy UK airport - report

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

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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.

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- BusinessDay.co.nz

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