United Kingdom
United States
Asia Pacific
BlackRock to buy stakes in Edinburgh, Gatwick airports
Edinburgh and London Gatwick airports are about to get a new owner.
Stakes in the airports are being sold after a multi-billion pound deal to buy parent Global Infrastructure Partners.
The transaction is expected to close later this year.
GIP is being sold to BlackRock for around £9.43 billion in cash and stock.
GIP manages about £78.6 billion in assets, much of it in infrastructure businesses.
Also among its portfolio is Sydney Airport and Peel Ports.
“We believe bringing GIP and BlackRock together will deliver to clients the benefits of broader origination and business improvement capabilities,” a spokesperson for GIP said.
Bayo Ogunlesi, GIP Founding Partner and CEO will join the BlackRock board.
“Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy,” said BlackRock CEO, Laurence D. Fink.
Related News Stories:
Related News Stories: BlackRock to buy stakes in Edinburgh, Gatwick airports - TravelMole BlackRock To Buy Airport Investor Global Infrastructure Partners ... GIP, owner of Gatwick and Edinburgh airports, sold to US BlackRock ... BlackRock's GIP seeks over $1.7bn CV to house stake in UK airport Edinburgh Airport News | Routes BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”) London Gatwick and Edinburgh Bought by New York-based ... London Gatwick Airport News | Routes BlackRock to take ownership of Edinburgh Airport as part of wider ... Adebayo Ogunlesi Joins Africa's Billionaire After $12.5 Billion ...
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Dozens fall ill in P&O Cruises ship outbreak
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel