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Gatwick owner launches bid for Edinburgh airport

US-based investment firm Global Infrastructure Partners is one of four first-round bidders for Scotland’s largest airport

The owner of Gatwick and London City airport has emerged as a leading contender to buy Edinburgh airport.

Global Infrastructure Partners, a US-based investment firm, is one of four first-round bidders for Scotland’s largest airport, which has been put up for sale by Heathrow owner BAA.

It is understood that the other bidders are: a consortium led by private equity group 3i; another private equity firm, Carlyle; and JP Morgan Asset Management. Edinburgh airport is to be sold following a Competition Commission investigation.

It is expected to fetch about £700m. Last year, Edinburgh handled 9.4 million passengers, which was up 9% on 2010. © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds