Friday, 26 February 2016

Is there a row brewing over £2 billion London City Airport sale?

Perhaps I spoke (wrote?) too soon.

According to Kleinman of Sky News, HNA submitted a higher for London City Airport - see below.

London City Airport has been sold to a Canadian-led consortium for "well over" £2bn despite, I'm told, a higher bid from China's HNA Group.

But Global Infrastructure Partners decided to sell to the "mega" consortium, according to reports.

Kleinman's usually right so I'm presuming GIP didn't think it was worthwhile agreeing a higher deal with the Chinese as there was too much regulatory/political risk around a sale to the HNA?


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