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
- 500 Pakistani violators of Residency Law benefit from amnesty
- Father sexually assaulted his two daughters in return for simple gifts
- Domestic service hire to cost sum of KD 990 – Rates fixed
- Income Tax, Zakat Tax to be implemented shortly
- Remittance tax on Expats approved – Bill must win government approval
- 40 violators arrested
- Several People killed in Fatal Bus Crash
- ‘Vote’ today on proposal to impose taxes on expats
- Pakistani biker killed in hot chase by drunk Kuwaiti man
- Two Kuwaitis sentenced to death by hanging
- KD 3 license fee for building parking sheds
- Death penalty for Lebanese man for murdering Filipina
- 100,000 people hold fake Kuwaiti citizenship
- Temporary work permits of 100 days
- Kuwait Motor Town Race Circuit
- Four ladies caught indulging in prostitution
- Students and teachers fainted in School
- Bid to ‘close’ commercial shops before midnight
- Kuwaitis and Expats decry bid to impose tax on remittances
- PACI launched new map service called STREET VIEW of Kuwait
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
