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September 7, 2006

UK: Docklands airport attracts overseas bidders

By Alistair Osborne, Business Editor

London City could be the next British airport to fall into foreign hands as the shortlist of around six bidders includes only one UK company.

Construction group Balfour Beatty has teamed up with US bank Merrill Lynch to bid for the Docklands airport, which handled almost 2m passengers last year.

London City airport could fall into foreign hands The second round of the auction, being handled by Morgan Stanley, closes on Tuesday. Sources believe offers will need to be pitched at £650m - £700m to have any chance of landing the airport.

Full story...

Posted by pichu at September 7, 2006 6:22 PM