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News: Issue 595 27 Apr 2012

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Aviation / Airports, Scotland

Edinburgh airport sold

Edinburgh?airport has been sold to Global Infrastructure Partners (GIP), the owner of Gatwick and London City airports, for £807m. Edinburgh Airport was put on the market by its previous owner, BAA, last October, after the Competition Commission ruled that it had to sell its airport holdings at either Edinburgh or Glasgow. The agreed sale price is considerably in excess of analysts’ expectation, which had been in the region of £500-700m. The Scottish Passenger Agents...

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