Abu Dhabi wealth fund to buy Gatwick stake -Times

LONDON, Feb 4 (BestGrowthStock) – Abu Dhabi’s sovereign wealth
fund is to buy a 15 percent stake in London’s Gatwick Airport
for 125 million pounds ($198.4 million) as the airport’s new
owner aims to bring in additional investors, the Times
newspaper reported in its online edition on Thursday.

The Abu Dhabi Investment Authority’s planned investment in
London’s second-biggest airport comes two days after South
Korea’s National Pension Service said it planned to buy a 12
percent stake in Gatwick for around 100 million pounds.

A spokesman for Global Infrastructure Partners (GIP), which
acquired Gatwick last year for 1.5 billion pounds, could not be
reached for comment.

GIP is a $5.64 billion infrastructure fund sponsored by
Credit Suisse (CSGN.VX: ) and General Electric (GE.N: ).

The Abu Dhabi Investment Authority is considered the
world’s biggest sovereign wealth fund and believed to have
assets of around $500 billion -$700 billion.

GIP said on Tuesday that it planned to remain a majority
shareholder in Gatwick but sell minority stakes to outside
investors.

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($1=.6299 Pound)
(Reporting by Susan Fenton; Editing by Leslie Adler)

Abu Dhabi wealth fund to buy Gatwick stake -Times