Friday, 5 February 2010
Abu Dhabi to take Gatwick stake
The owners of Gatwick have sold another stake in the airport, this time to Abu Dhabi’s sovereign wealth fund. The move comes days after news that South Korea’s National Pension Service would take a 12% stake in Gatwick for just under £100m. Abu Dhabi Investment Authority is believed to have taken a stake of nearly 15% in the airport, which was sold late last year to the Global Infrastructure Partners investment fund for just over £1.5bn. GIP said then that it would sell some minority stakes in Gatwick but retain overall control.END
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