In response to a ruling by the UK Competition Commission (CC), airport operator BAA has agreed to the sale of Edinburgh Airport (EDI) to Global Infrastructure Partners (GIP) for £807.2 million ($1.3 billion). The sale is expected to close by the end of May. GIP, an independent infrastructure fund manager, already owns a 75% interest in London City Airport (LCY) and a 42% controlling stake in London Gatwick Airport (LGW). A 2009 report by the CC concluded that BAA should be ...

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