BAA to Announce Gatwick Airport Sell-Off


	BAA to Announce Gatwick Airport Sell-Off

David Hughes

10-20-2009 7:06 PM

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David Hughes says:

What's this? Too many airports or too much foreign competition?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d0bc6ec6-aa93-4a4e-a453-e17cd8e26785/97BAC233-D3AA-41E0-B0C7-4FB8E3C38197/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday" href="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday" style="font-size: 11px;">news.sky.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><H3>Breaking News</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><H1> 
						BAA To Announce Gatwick Airport Sell-Off
					</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><H2>BAA is expected to announce the £1.5bn sale of Gatwick Airport tomorrow, according to Sky City editor Mark Kleinman.</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/news.sky.com/img/95B24057-41B8-4EDD-B5FB-AA112F04F4A3" alt="Gatwick airport" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><P class="imageCaption">£1.5bn sell-off price is lower than expected </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><P>In March, the <A title="Go to the Commission's website" target="_blank" href="http://www.competition-commission.org.uk/"><B>Competition Commission</B></A> ruled that the company would have to sell the airport within two years.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><P>The Commission also ordered <A title="Go to BAA's website" target="_blank" href="http://www.baa.com/"><B>BAA</B></A> to sell Stansted and either Glasgow or Edinburgh after it found competition problems at each of its seven UK airports.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.sky.com/skynews/Home/Business/BAA-Expected-To-Announce-15bn-Gatwick-Airport-Sell-Off-Wednesday/Article/200910315410125?lpos=Business_Carousel_Region_0&lid=ARTICLE_15410125_BAA_Expected_To_Announce_%3F1.5bn_Gatwick_Airport_Sell-Off_Wednesday"><P>Kleinman said: "The price <A title="Fund's website" target="_blank" href="http://www.global-infra.com/"><B>Global Infrastucture Partners</B></A> will be paying for Gatwick is quite significant because it is lower than most people in the market expected and so, therefore, will look like a good deal.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/97BAC233-D3AA-41E0-B0C7-4FB8E3C38197/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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