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
- Expats Managers can work for more than one company
- Decision to reduce the telephone rates
- Fake Doctor Raped the Filipino
- Encashment of unused leave balance
- Filipina arrested, Charging KD 50 per hour to have sex
- Work permit visa renewals, final cancellations exempted
- The Women’s Mentor Forum Article #2
- Indian found dead struck by lightning while using cellphone
- 4% Tax on salaries between KD 100 and KD 499
- Implementing new fuel prices – KD 70 Millions
- Ethiopians Arrested
- Expats Arrested, selling magic love beads in 300 KWD each
- Video – Man Eat Uncooked Chicken
- Groom break the finger of bride on honeymoon in Kuwait
- IMF hits remittance tax on Expats in Kuwait
- Traffic Violation fine 200 KWD
- Three killed in Salwa
- Nejoud and her words
- Egyptian woman sentenced to death in Kuwait
- The Wizard of OZ
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
