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Citigroup Eliminated From Bidding for Gatwick Airport. UK
http://www.bloomberg.com/apps/news?pid=20601087&sid=azTVXLm0...
Submitted by anxora 6 months, 2 weeks, 6 days, 2 hours ago
Citi Infrastructure Investors was eliminated from the auction for BAA Ltd.’s London Gatwick airport, a decision it called “bizarre in the extreme.”Citigroup’s team, which includes Vancouver Airport Services and John Hancock Life Insurance Co., made an uncompetitive offer with no assurances on deliverability, BAA said in a statement today. The bid group, known as Lysander, said separately that it’s still interested in buying Gatwick and has full funding for a purchase that would improve the site’s passenger facilities.
#1 - By insurance, 6 months, 2 days, 13 hours ago.
Great news! Citigroup’s team, which includes Vancouver Airport Services and John Hancock Life Insurance Co., made an uncompetitive offer with no assurances on deliverability.
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