Don't want to be picky but believe LCY was sold to GIP for £750m (still not a bad return).
AIG, American insurer, is going to sell its 50% stake in London City airport to its partner, Global Infrastructure Partners (GIP), for an estimated £250m.
The two companies bought the airport together two years ago for around £750m. GIP, an investment fund owned by Credit Suisse, will now have full control over London City airport.
AIG sells off London City airport and other assets