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.