LONDON (Reuters) – Global Infrastructure Partners, owner of London’s City and Gatwick airports, is to buy Ferrovial-owned BAA’s Edinburgh airport for 807 million pounds, cementing its position as a leading British airport operator. GIP, an investment fund founded by Credit Suisse and General Electric, beat off a consortium led by JP Morgan Asset Management’s infrastructure fund. Earlier on Monday two sources close to the sale process told Reuters that GIP had won the auction after agreeing a price in the region of 800 million pounds. …

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GIP adds to UK airports with £800 million Edinburgh deal





