Home Business NewsBusiness Could Hong Kong billionaire Li Ka-Shing buy London City Airport in £2bn deal?

Could Hong Kong billionaire Li Ka-Shing buy London City Airport in £2bn deal?

by LLB Editor
15th Feb 16 8:48 am

Here’s a list of potential buyers

Asia’s richest man and Hong King billionaire Li Ka-Shing is rumoured to be interested in buying London City Airport for £2bn.

Ka-Shing’s Cheung Kong Infrastructure Holdings (CKI) is reportedly going to make a bid as early as this week.

Ka-Shing is among five interested bidders who want to snap up the airport. The others include:

1. Kuwait Investment Authority, a sovereign wealth fund  

2. British investor Hermes

3. Canadian funds Borealis Infrastructure

4. The Alberta Investment Management Corp, a Canadian pension fund

The airport is owned by Global Infrastructure Partners, and was put up for sale at the end of last year.

Credit Suisse has been hired to facilitate the sale of the airport.

London City Airport welcomed over 4.3 million passengers in 2015, an 18.38% increase on 2014, to set a new passenger number record. The airport’s most popular destinations were Edinburgh, Amsterdam, Dublin, Zurich, and Rotterdam.

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