05.10.2015 - Chinese fund poised to enter bidding war for City airport
A secretive Chinese investment fund is understood to be poised to enter the £2bn bidding war for London City Airport. Gingko Tree, a division of the Chinese state’s foreign exchange regulator, is believed to be in talks with Australia’s Macquarie about teaming up to make an offer for the East London airport. An agreement has not yet been reached with Macquarie. However, if Gingko does join the auction for the airport it would be the first Chinese suitor to emerge for City. Bidding has not yet begun for the airport, which was put up for sale by private equity giant Global Infrastructure Partners (GIP) in August...............................................Full Article: Source
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