UK airports operator BAA concluded an agreement to sell its 100% interest in London Gatwick to a group controlled by Global Infrastructure Partners for £1.51 billion ($2.48 billion), of which £55 million is conditional on future traffic performance and the buyer's future capital structure. GIP, which was founded jointly by Credit Suisse and GE, already owns 75% of London City. "Today's announcement marks a new beginning for both Gatwick and BAA. We wish Gatwick well for the future ...

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