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
- Japanese Film (fireworks from the heart)
- Runfie’s 2nd annual Earth Day – Events in Kuwait
- Free Medical Camp by SPDK
- Fitness with Urvi – Events in Kuwait
- Every soul shall taste death – Events in Kuwait
- Imagine Cup – Kuwait National Finals
- Expat liquor peddler busted
- No more Kuwait visas for Ghanaian
- 41 arrested in raid on homosexual massage parlour in Kuwait
- 879 people arrested in Hawally , Kuwait
- Arrested 19 Asians for gambling , Kuwait
- Two arrested for appearing in ‘immoral’ video
- Kuwait deported teachers
- Dead baby found abandoned in a sewerage plant
- Kuwait to raise power, water price on expats
- 62-year-old Filipina woman raped
- Discussion : Looking At Art – Events in Kuwait
- India Extravaganza – Events in Kuwait
- Therapy Workshop – Events in Kuwait
- Zombie Run is back with lots of fun
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
