BAA Sells Edinburgh Airport for $1.3 Billion

BAA has agreed to sell Edinburgh airport to Global Infrastructure Partners for 807 million pounds (US$1.3 billion).


BAA Edinburgh Airport Glasgow airport Global Infrastructure Partners Heathrow Airport Stansted Airport


Airport operator BAA Ltd. has agreed to sell Edinburgh airport to Global Infrastructure Partners for 807 million pounds (US$1.3 billion) following an order by the Competition Commission, the UK’s antitrust watchdog, that BAA dispose of either its Edinburgh or Glasgow airport.

BAA, which owns Heathrow airport, sold Gatwick airport to Global Infrastructure Partners for 1.5 billion pounds in 2009 but had yet to dispose of Stansted airport, which also serves London. BAA’s appeal of the order to sell Stansted was rejected in February. BAA is owned by a consortium led by Spanish infrastructure group Ferrovial.