Gatwick owners' Â£175m windfall as sale is tipped
John Collingridge and Ben Harrington
The Sunday Times
Gatwickâs private equity owners have reaped a Â£175m dividend as speculation mounts over a sale of the airport.
The dividend, paid in October, swelled from Â£125m a year earlier and followed six months of growing passenger numbers and profits.
Gatwick is owned by Global Infrastructure Partners (GIP) and a consortium of investors, which acquired it for Â£1.5bn in 2009 from the former airports monopoly BAA.
The owners have since transformed the airport, luring more airlines and handling more than 44m passengers a year. That has sent Gatwickâs value soaring to an estimated Â£6bn-Â£8bn.
GIP made a blockbuster profit from its Â£2bn-plus sale of London City airport almost two years ago, and City bankers believe it is now wrestling with whether to offload one or bothâ¦Sumber: Google News | Liputan 24 Baa