Abu Dhabi is part of a joint venture making a bid for a 50 percent stake in Manchester airport, according to a report on Sunday.
Manchester Airport Group plans to raise about GBP1bn (US$1.6bn) by selling a 50 percent stake to fund its bid to buy London-based Stansted airport, the UK’s Sunday Times newspaper said without saying where it got the information.
Among those looking to acquire the stake are Australia-based Industry Funds Management, Hong-Kong-based Cheung Kong Holdings and a joint venture between UK-based investment firm 3i Infrastructure and the Abu Dhabi Investment Authority, the report said.
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