Breakingviews | Gatwick

Considered view

20 Oct 2009 16:06

Just a little bit closer

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Spanish infrastructure group Ferrovial postponed the sale of the London airport in May. The conditions for an auction are now more favourable and BAA, the subsidiary that owns Gatwick, is in better shape. Still, that doesn’t mean the asset will fetch the £1.6bn its vendor wants.

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