Airport Privatisation
Things are happening.
Daily Telegraph got an inside line on this:
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While Grupo Ferrovial's consortium battles to acquire London airports operator BAA, steered by chairman Marcus Agius, a number of smaller airports look set to change hands.
Sources said Devon County Council will send out an information memorandum on Exeter and Devon Airport to pros-pective buyers this week. Leeds Bradford Airport could also be put on the block.
It's understood the local councils that own the airports are interviewing a number of investment banks to advise them on a potential sale.
It's unlikely any of the major infrastructure funds, such as Goldman Sachs, will be interested in Exeter and Devon and Leeds Bradford airports. But smaller players, including Babcock and Brown, could be. Sources also said that if Ferrovial is successful with BAA, it might look to sell some regional airports, including Belfast City, to help finance its offer.
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