BAA in a possible split

A recent report from the Competition Commission, could lead to a multibillion pound split of airports operator BAA.
Ferrovial, the Spanish consortium, bought BAA for £10.3bn in 2006.
Potential buyers from India, the Middle East and also Temasek, the Singapore government's investment vehicle, have already been in discussion about the possible sale.
BAA, owner of Britain's seven biggest airports, has been accused of having a monopoly, especially in the London area.
The commission is expected to support an Office of Fair Trading recommendation for a full investigation, the findings of which will be published in August.
It is believed that Ferrovial should sell Gatwick and possibly Stansted. There have also been suggestions that Glasgow and Edinburgh airports could be part of a larger BAA sell-off.
21/04/08 Business Sale Report, UK

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Categories: Airports Apr 2008, Foreign Apr 2008