Kuwait’s sovereign wealth fund is one of the partners planning a bid for London City Airport.
Wren House Infrastructure Management, a unit of the Kuwait Investment Authority, Canada’s Ontario Teachers’ Pension Plan, and Hermes are planning to make an offer for the airport, which is valued at around £2bn.
Global Infrastructure Partners announced earlier this year that it was planning to sell its 75% stake in the airport. Other interested parties are thought to include Australia’s Macquarie group.
The Daily Telegraph, p. 1, 27
