06.10.2015 - Chinese fund Gingko Tree in talks with Macquarie over City Airport bid
A fund controlled by the Chinese government is said to be eyeing a bid for London City Airport, which has been valued at around £2bn. Gingko Tree Investment, the London-registered investment arm of China’s foreign exchange regulator, is reported to be in talks with Aust­ralian financial group Macquarie about making a joint offer for the airport. An agreement has not yet been reached, The Sunday Telegraph said. It comes after it emerged that the sovereign wealth fund of Kuwait was preparing a bid for the airport as part of a consortium with Canada’s Ontario Teachers’ Pension Plan and investment firm Hermes. City Airport, which is owned by Global Infra­structure Partners and Oak­tree Capital, has been growing rapidly thanks to its popularity with business travellers commuting to and from other European cities...............................................Full Article: Source
Print