Kuwait is interested to buy London City Airport
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
- A new shopping experience in Kuwait
- Yard Sale – Family Fun Day
- Health in Islam – Events in Kuwait
- Purify Yourself – Events in Kuwait
- Pakistan National Day Celebration
- The Sing along by Ahmadi Music Group
- 56 expatriates to lose job
- Shelter Open Day at KsPath
- New pilots to experience the new DJI drone
- Al Tijari Bank campaign “ya zeen turathna” at al Shaheed Park
- Proposal soon to determine ‘rents’ according to per square meter: sources (Source : Arabtimes)
- 714 Nepali migrants deported from Kuwait
- 45,000 work visas
- Movie Night – Kuwaiti Short Film Festival
- The Divan’s Salon : Flowers for Algernon
- Strategic Planning to Double Your Sales
- Blend of Balance – Change your life
- Walk-A-Thon by Autism Partnership Kuwait (APK)
- Wednesday Music Night – Events in Kuwait
- Art Workshops for beginners at TIES Center – Events in Kuwait
Filed in: All • Expats in Kuwait • Info • Local News