BAA Opts To Sell Gatwick

Law360, New York (September 17, 2008, 12:00 AM EDT) -- Heeding the advice of U.K. antitrust regulators, BAA Ltd. has decided to put London's Gatwick airport up for sale in hopes of blocking an attempt to loosen the company's perceived stranglehold.

BAA revealed the news on Wednesday, with the sale expected to garner between £2 billion and £3 billion.

"We have decided to begin the process of selling Gatwick Airport immediately,” said BAA Chief executive Colin Matthews. “Gatwick is one of Europe's premier airports, the busiest single-runway airport in the world, and it was used by...
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