TPG bids for cargo airport London Stansted

The airport could fetch up to $2 bn

cargo airport Industry Funds Management London Stansted Macquarie Manchester Airport Group TPG US private equity group

US private equity group TPG has joined the bidding for London Stansted, UK’s second largest cargo airport. Also in the race are a partnership between the UK’s Manchester Airport Group and Australia-based Industry Funds Management and Australian investment bank Macquarie, according to the Financial Times.

Stansted, put up for sale some time ago, is expected to attract up to $2 billion. The airport has seen cargo traffic growing by 5.2 per cent in September from a year ago to 18,407 metric tons following a 13.9 per cent increase in August shipments to 19,083 tons.