logo
Share SHARE
FONT-SIZE Plus   Neg

BAA To Sell Edinburgh Airport For GBP 807.2 Mln - Quick Facts

British Airports Authority or BAA Ltd. (BAAPY.PK) reported agreeing to sell its 100% interest in Edinburgh Airport Ltd. to GIP for 807.2 million pounds, which is payable in full at closing. The sale may close by the end of May.

Edinburgh Airport handled 9.3 million passengers in 2011 and generated 48.3 million pounds of EBITDA for the same period. Following the Edinburgh Airport sale, BAA would own Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports.

BAA's advisors on the transaction included BNP Paribas, Citigroup, McGrigors, Ernst & Young, Leigh Fisher, Waterman and Marsh.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT