BAA Airports Must sell further airport assets in the UK

The Competition Commission (CC) the independent public body which conducts inquiries into mergers, and competition announced on Wednesday a reiteration of its ruling for Spanish-owned airports operator BAA to sell two more airports which may include London Stansted.
BAA has two years to divest further assets.London Gatwick has already been sold out of the group but. Stansted,Edinburgh or Glasgow airports are under the spotlight which form part of the Spanish Group Ferrovial in 2006.It was hoped sale of Gatwick to US investment fund Global Infrastructure Partners for 1.51 billion pounds in late 2009 would stave off the further sale of its UK assets.The sale of terminal five at Heathrow to a third party was resisted. This comes soon after the public condemnation of the way it handled flights out of the Heathrow at Christmas 2010.
http://www.competition-commission.org.uk/

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