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
- Woman traveling to Bahrain died at Kuwait International Airport
- Free masks at Kuwait International Airport
- 25 Coronavirus cases in Kuwait
- What is coronavirus and what are the symptoms?
- Coronavirus Number of Cases in the world as of 25th February
- Kuwaiti citizen coming from Iran broke the domestic quarantine and went to work
- Coronavirus in Kuwait
- Kuwait stops residence renewal of article 18 – above 60 yrs
- How a Bangladeshi in Kuwait became multi-millionaire from a supervisor in a cleaning company
- Easy procedure to get a driving license for expats in Kuwait
- UAE confirms new coronavirus case
- What is coronavirus ?
- Global emergency declares due to Coronavirus
- Philippine laborers will no longer be employed in Kuwait
- Four days holidays announced
- US Embassy in Kuwait has issued a warning
- Kuwaiti stabs his wife 7 times
- Spanish prostitute and her manager arrested – KD 150 for the night
- Four expats arrested at Kuwait Airport
- Kuwaiti girl died – signs of violence on her body
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
