Airport operator BAA Ltd has received five or six bids for London's Gatwick Airport, a person familiar with the situation told Dow Jones.
BAA, a unit of Spain's Grupo Ferrovial SA, launched the sale in September and hired Royal Bank of Scotland Group PLC and HSBC Holdings PLC as advisers.
Bidders include Gatwick Future Partnership, which comprises Alternative Investments, Deutsche Bank AG's alternative investment management arm, and Australia's Babcock & Brown, a veteran investor in airports.
Manchester Airports Group PLC has also put in a bid, teaming up with other investors.
Construction company Hochtief AG said it had made a bid for Gatwick without giving details, the amount of its offer or whether it was working jointly with another bidding group.
Other likely bidders include 3i group PLC, which had been working on a bid with Ontario Teachers' Pension Plan and Canada Pension Plan; London City airport owners, General Electric Co and Credit Suisse Group, and a consortium comprising a Citigroup Inc infrastructure fund, Vancouver Airport and John Hancock Life Insurance Co. |
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Source: Cargonewsasia
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