Global Infrastructure Partners (GIP), majority owners of London City Airport (LCY), has sold the property to a Canadian-led consortium. The purchase price was not disclosed, but was widely reported in the UK financial media to be around £2 billion ($2.8 billion). GIP has agreed to sell its 75% shareholding in LCY to a grouping comprising the Alberta Investment Management Corp.; Ontario Municipal Employees’ Retirement System, Ontario Teachers’ Pension Plan; and the ...

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