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Investors set to pounce if BAA is split up

Mar 3 2008 by Mike Rickett, Liverpool Daily Post

INVESTORS are preparing to snap up one or more of Britain’s biggest airports if owner BAA is forced to sell by competition chiefs.

The Australian banking group, Macquarie, has begun discussions with investment funds to gauge their interest in buying any of BAA’s main assets. They include London’s three principal airports, Heathrow, Gatwick and Stansted. Spanish-owned BAA is currently at the centre of a Competition Commission (CC) inquiry looking at whether the firm restricts competition in the UK.

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