Court loss sparks sale of Stansted
Source: Bloomberg News |
August 21, 2012, Tuesday
|
Print Edition
Print Edition
LONDON Heathrow airport-owner BAA Ltd says it will sell the UK capital's Stansted terminal after losing its latest court action against a forced breakup of its assets ordered by antitrust regulators.
BAA is now proceeding with the sale of Stansted, but in a statement it added that it still believed the UK's Competition Commission failed to recognize that Stansted and Heathrow serve different markets.
The decision to sell comes days after Qatar Holding LLC, the investment arm of the Middle East country's sovereign-wealth fund, agreed to pay 900 million pounds (US$1.4 billion) for a 20 percent stake in BAA.
Possible bidders for Stansted include South Korea's Incheon International Airport Corp and Manchester Airports Group.
Stansted is the main base for Ryanair, Europe's largest discount airline.
BAA is now proceeding with the sale of Stansted, but in a statement it added that it still believed the UK's Competition Commission failed to recognize that Stansted and Heathrow serve different markets.
The decision to sell comes days after Qatar Holding LLC, the investment arm of the Middle East country's sovereign-wealth fund, agreed to pay 900 million pounds (US$1.4 billion) for a 20 percent stake in BAA.
Possible bidders for Stansted include South Korea's Incheon International Airport Corp and Manchester Airports Group.
Stansted is the main base for Ryanair, Europe's largest discount airline.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
