London City Airport has been put up for sale by Global Infrastructure Partners. The sovereign wealth fund of Kuwait is teaming up with Ontario Teachers’ Pension Plan and Hermes to bid for the airport, while Macquarie is leading a rival consortium.
One of the world’s biggest sovereign wealth funds is part of a consortium that is plotting a bid for London City Airport, which has been valued at £2bn.
Wren House Infrastructure Management, which is an investment vehicle owned by the Kuwait Investment Authority; Canadian giant Ontario Teachers’ Pension Plan; and investment firm Hermes have teamed-up to make an offer for the airport, according to sources in the infrastructure sector.
The KIA is the world’s fifth largest sovereign wealth fund with some $592bn in assets.
Source : Telegraph
Kuwait News
Events in Kuwait Organic sounds – A tribute to Nepal Presentation : Ramadan Tips & Tricks by Aware Center , Kuwait Taksim Trio in Kuwait Lecture : Grown your own food in Al Shaheed Park, Kuwait Health Information , Kuwait Community League Q8 Football , Kuwait Rents of apartments are starting to decline in Kuwait Shepherds died by thirst in Kuwait Autumn Consumer fair, Kuwait Discussion on Ethics in Art and Design , Kuwait AUB Chief Executive Officer visit Kuwait Cricket TIES Animal Fare , Kuwait Ramadan Tips for Expats by TIES Center , Kuwait Yoga by K’S PATH , Kuwait Dance Workshop , Kuwait Opening ceremony for the 18th International Music Festival Photography Workshop , Kuwait Sidra Nights at Bayt Lothan , Kuwait Bangladeshi Dance Performance , Kuwait 12 year old girl raped
Most Read Posts: 5,000 passengers arrivals per day from May 22 Over 542,000 air passengers will use… Three sites in Jahra for expatriate… A new city in Kuwait, named XZERO Two dead bodies found in plane First App based shuttle service in Kuwait… Update - Dependent visa rules for expats Jazeera Airways To Salalah, Oman 65 deaths from road accidents in the first… CityBus Launches ‘Gold Rush’ Raffle Draw… Expats (non-vaccinated) have higher ICU… Rich became richer in the COVID pandemic The Philippines ends ban on workers travel "Kuwait Urdu News", a urdu news media… Zain Strategic Partner of VO to empower… Liberation Tower is now open for the… Warn India deaths may double in coming… New UAE visas for job-seekers, investors,… Kuwait ready for reopening of schools Tests required for expats WINTER WONDERLAND KUWAIT PARK List of accredited laboratories for… Residences Cancelation - 6 Months and more… Above 65 can get COVID-19 vaccine without… Kuwait suspends commercial flights from India Samsung Wallet in Kuwait 6,127 expats terminated; 1,840 more to be… Kuwait returns staff capacity to 100% and… The reason behind spread of coronavirus in Kuwait KWD 50,000 fine, 3-yrs jail
Filed in: All • Expats in Kuwait • Info • Local News Tagged with: about • about kuwait • alert • bloggers • breaking news • by kuwait • date • events • events in kuwait • events kuwait • expats in kuwait • expats kuwait • festivals • for sale • KIA • kud • kuwait • kuwait bloggers • kuwait events • kuwait expats • kuwait festivals • kuwait news • kuwait social media • kuwait uptdate • kuwait upto date • kuwaitup 2date • kuwaitup2date • kuwaituptodate • london city airport • london city airport bidding • london city airport for sale • news • news kuwait • q8up2date • social media • things to do in kuwait • to • top • up • up2date • uptodate • weekend • weekend events • weekend events in Kuwait • what to do in kuwait