UK airport company Heathrow Airport Holdings (formerly BAA) has agreed to sell its 100% interest in London Stansted Airport to Manchester Airports Group (MAG) for £1.5 billion ($2.4 billion) in cash in a deal expected to close by the end of February. As part of the transaction, Australian investment management group Industry Funds Management (IFM) will take a 35.5% strategic stake in MAG. MAG is the largest UK-owned airport operator and is owned by the 10 local authorities of ...

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