Kuwait is interested to buy London City Airport
London City Airport has been put up for sale by Global Infrastructure Partners.The sovereign wealth fund of Kuwait is teaming up with Ontario Teachers’ Pension Plan and Hermes to bid for the airport, while Macquarie is leading a rival consortium.
One of the world’s biggest sovereign wealth funds is part of a consortium that is plotting a bid for London City Airport, which has been valued at £2bn.
Wren House Infrastructure Management, which is an investment vehicle owned by the Kuwait Investment Authority; Canadian giant Ontario Teachers’ Pension Plan; and investment firm Hermes have teamed-up to make an offer for the airport, according to sources in the infrastructure sector.
The KIA is the world’s fifth largest sovereign wealth fund with some $592bn in assets.
Source : Telegraph
Kuwait News
- Events in Kuwait
- One month grace period to pay traffic fines
- New call to expats to rectify status and residency validity with passport
- Piano Concert in Al Shaheed Park | Events in Kuwait
- Ice Skating Winter Carnival | Events in Kuwait
- Hala Expo – Winter Festival | Events in Kuwait
- Join Nathalie at Health Exhibition in Avenues | Events in Kuwait
- Korean Movie Night | Events in Kuwait
- Winter Camp at BSK | Events in Kuwait
- PWF Social Pinic | Events in Kuwait
- Hiphop Element Breakin Workshop | Events in Kuwait
- Bungee Jumping at Al Kout Mall | Events in Kuwait
- Kuwait Bully Show | Events in Kuwait
- USA asked Kuwait to review Kuwait Airport security without delay
- Three Arab nationals and seven Asians arrested in Salmiya
- DAESH gives orders to kill Kuwaiti
- Ethiopian Woman Beats Kuwaiti Man
- Driving licenses issued before April 2013 will be renewed automatically
- New Rule : Deportation for unqualified drivers as per current profession
- 5MW power plant technology benchmark in Kuwait
- Art Night Out |Events in Kuwait
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
