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
- Transfer of visa visit visa to dependent visa
- Age Limit for Visit Visa
- Woman and her three daughters arrested
- Expats to pay own water usage bills
- Two days left to implementation of the new prices
- 5 Filipina absconding maids arrested while shopping
- First DNA test center in Shamiya expatriates and citizens
- Woman punished for rejecting sexual proposition
- New Taxi Fares under study and Taxis must start using meters
- ‘ISIS hacker’ caught in Kuwait
- Cabbies increase fare rates
- 27 Arrested in Fahaheel , Kuwait
- The three, two Kuwaitis and one Bahraini arrested
- New Domestic Workers Law
- Home early husband stabs wife’s lover
- Startup Weekend Kuwait 2016
- Dependent visa for Parents
- Passenger arrested at Kuwait Airport with diamonds
- MoI to update DNA
- You cannot transfer residence if company….
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
