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Global Infrastructure Partners to sell London City Airport

US private equity fund hopes to complete sale of its longest-held portfolio asset by end of 2015

London City Airport sale nears take-off, iStock
London City Airport sale nears take-off, iStock

The US private equity fund that owns London City Airport is putting it up for sale.

Global Infrastructure Partners, which has owned the airport since 2006, hopes to complete the sale by year's end, said Michael McGhee, head of transport at GIP. Bankers have yet to be appointed, he said in an interview on August 5, with the sales process due to gain steam in September.

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