Adebayo Ogunlesi (Nigerian) Buys Gatwick Airport
March 1, 2010
The man set to become the new owner of Gatwick Airport, tells Sky News how he is going to shake-up Britain’s airport business. In an exclusive interview with Jeff Randall, Adebayo Ogunlesi, chairman of Global Infrastructure Partners, said he is going “to make Gatwick a truly first class experience”.
However he cautioned it would take “somewhere between 12 and 18 months” before passengers started noticing a difference at the airport. GIP agreed a £1.51bn deal with Gatwick’s current operator BAA last week, which represented a “good price”, Mr Ogunlesi said. The fund, which invests in the energy, transport and waste sectors, has already spent over £1bn so far this year, encouraged by falling asset prices. Mr Ogunlesi said the UK’s strong regulatory framework and attractive assets made “Britain a wonderful place to invest”.
“We love Britain,” Mr Ogunlesi added. The sale of Gatwick to GIP, which is subject to approval by the European Union, is due to be completed by the end of the year. The airport is currently run by BAA, which posted a pre-tax loss of over £780m in the first nine months of the year. The airport operator said it lost £225m on Gatwick after being forced to sell the airport by the Competition Commission.
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March 1, 2010
The man set to become the new owner of Gatwick Airport, tells Sky News how he is going to shake-up Britain’s airport business. In an exclusive interview with Jeff Randall, Adebayo Ogunlesi, chairman of Global Infrastructure Partners, said he is going “to make Gatwick a truly first class experience”.
However he cautioned it would take “somewhere between 12 and 18 months” before passengers started noticing a difference at the airport. GIP agreed a £1.51bn deal with Gatwick’s current operator BAA last week, which represented a “good price”, Mr Ogunlesi said. The fund, which invests in the energy, transport and waste sectors, has already spent over £1bn so far this year, encouraged by falling asset prices. Mr Ogunlesi said the UK’s strong regulatory framework and attractive assets made “Britain a wonderful place to invest”.
“We love Britain,” Mr Ogunlesi added. The sale of Gatwick to GIP, which is subject to approval by the European Union, is due to be completed by the end of the year. The airport is currently run by BAA, which posted a pre-tax loss of over £780m in the first nine months of the year. The airport operator said it lost £225m on Gatwick after being forced to sell the airport by the Competition Commission.
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