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
- Rent values fall by 13 percent and Tens thousands flats are vacant
- Doctor sued for KD 100,000
- Fake Bangladeshi doctor caught
- Kuwait destroys liquor worth KD10.8 million in value
- Working hours during the holy month of Ramadan in Kuwait
- Hotline activated to receive complaints
- Sheikha Bibi at forefront in fight for Expats Rights
- Pink panther arrested in Kuwait
- Studies on the Metro Project completed
- Kuwait work ban permanent
- 57,132 illegals ‘leave’ Kuwait
- 3 Indians get ‘life in jail’ for murder of Philippines in Kuwait
- Call on Kuwaitis and expats to update status
- Sex stimulants seized from 2 Egyptians
- Driving license cancellation on designation basis
- Court sentences man to death by hanging
- 60 cases of sexual assault on children recorded
- Abide by emergency lane rules
- Man arrested for filming 9-year-old girl
- Test needed for car registration renewal
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
