The decision by U.K. airport operator BAA to sell London Gatwick is likely to trigger strong bidding despite turmoil in financial markets. A BAA official suggests the proceedings could take around a year. However, the company’s Spanish owner, Ferrovial, has yet to name the financial advisers who will manage the transaction, so details remain sketchy. BAA’s move comes after U.K. competition authorities, in a preliminary report, suggested that a breakup of London-area airport control ...
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